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Sullivan brothers buy out minority partner Landvis to take full ownership of OCI

['Martin Sullivan(left), CEO of Ocean Choice International, and Blaine Sullivan, COO, speak to media about their proposal to government on flatfish and redfish. Photo by Keith Gosse/The Telegram']
['Martin Sullivan(left), CEO of Ocean Choice International, and Blaine Sullivan, COO, speak to media about their proposal to government on flatfish and redfish. Photo by Keith Gosse/The Telegram']

Ocean Choice International (OCI) announced Thursday it has bought out its minority partner, Landvis Canada Inc., making the company’s two founders, brothers Martin Sullivan and Blaine Sullivan, the sole owners.

“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.

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