.png){kind=link}
The story
American Seafoods Company was founded by Kjell Inge Røkke in Seattle in 1988, following the passage of the American Fisheries Act in 1998. American Seafoods and seven other companies form the Pollock Conservation Cooperative. American Seafoods Company received 16.572% of Directed Pollock Fishery.
1999 – Bernt Bodal, Centre Partners Management, and two other investors bought American Seafoods Company and form American Seafoods Group
2001 – American Seafoods Company opens and expands foreign sales offices
American Seafoods acquires three freezer long liners in purchase of Pacific Longline Company
ASC closes its cryoprotectant additive plant in Kent
2002 – American Seafoods Group acquires Southern Pride Catfish Company
2006 – Bernt Bodal leads management buyout of Centre Partners interest. Bernt Bodal becomes controlling equity owner
2008 – American Seafoods Group acquires catcher-processor Highland Light
Read the full text
American Seafoods Group sells Southern Pride Catfish Company
2010 – American Seafoods buys out CDQ group Coastal Villages. As part of transaction, American Seafoods transfers ownership of Pacific Longline Company and catcher processor Northern Hawk to Coastal Villages. Bernt Bodal becomes majority equity holder of American Seafoods
2013 – American Seafoods Group sells American Pride Seafoods to High Liner Foods, Inc.
2017 – American Seafoods Group names Mikel Durham CEO.
2022 - American Seafoods Group names Einar Gustafsson CEO
In 2012, the company built the Bayside Canadian Railway – a 220-foot (67 m) railway in Bayside, New Brunswick – to take advantage of a loophole in the Jones Act that otherwise would have required the company to use US-flagged vessels. It was disassembled in April 2023 after a judge determined it to be noncompliant with the act.
From Wikipedia’s article on American Seafoods, shared under CC BY-SA 4.0.5