“This transaction is another important positive milestone for the future of OCI as a leading global seafood supplier, and will give us much more flexibility to successfully carry out our growth strategy,” OCI CEO Martin Sullivan said in a news release.
“This is a very exciting step forward for OCI, and illustrates our long-term commitment to the company, our customers, our employees and the communities in which we operate.”
Blaine Sullivan is the company’s COO.
OCI has five fish plants in Newfoundland and Labrador including Fortune, St. Lawrence, Bonavista, Port aux Choix and Triton, and another in Riverport, N.S. The company operates a fleet of six vessels.
OCI and Landvis were involved in a lengthy legal battle with the Sullivans over control of the company.