Home | Business News | Browse by Publication | B | Business Wire

Controlling Ownership of American Seafoods Acquired by Company's Management Group and Alaskan Partner; Centre Partners Sells Ownership Stake for Nearly $82 Million.

Publication: Business Wire
Publication Date: 28-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SEATTLE -- American Seafoods, one of the largest integrated seafood companies in the United States in terms of revenues, today announced that its management group and Coastal Villages Region Fund, the company's Alaskan business partner, have acquired all of the equity interests in the company held by Centre Partners, giving them ownership of substantially all the voting securities in American Seafoods.

Centre Partners, a leading, middle-market private equity firm with offices in Los Angeles and New York, sold its nearly 23 percent equity interest in the company to a management group led by Bernt O. Bodal, the company's chairman and chief executive officer, and Coastal Villages.

Through the acquisition, the company's management increased its ownership stake to approximately 51 percent of the voting equity in the company. Coastal Villages increased its ownership to approximately 45 percent and...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Business Wire
Electrolux: Agreement Reached on Closure of Nuremberg Factory., February 28, 2006
BERU AG Short Financial Year 2005: Sales Revenue +8.5%; EBIT Margin of..., February 28, 2006
Chinese Physicians believe that HCV Incidence may be Increasing in Chi..., February 28, 2006
Terumo Announces Acquisition of MicroVention; Acquisition to Facilitat..., February 28, 2006
Biotage Makes a Change in Top Management., February 28, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.