“After making the decision to put our family seafood processing business up for sale, I searched for the best firm to represent us.

Zachary Scott had the experience in the seafood industry and provided the right mix of contacts, personnel and a defined game plan with a realistic timeline to accomplish our objective. It was not an easy process and grew in complexity which demanded creative solutions with the eventual buyer.

ZS helped me separate the emotional from the more important economic aspects of the deal and helped massage both sides in the final negotiations to a successful completion. In hindsight, I made the correct decision in choosing Zachary Scott and I would highly recommend them to others."”
Greg Blakey, Former CEO & Owner, Snopac Products
Alaska EcosystemFood / Beverage / AgricultureSeafoodM&A: Sell-Side
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Situation

Snopac Products, Inc. (“Snopac”) was established in 1983 and was among the few remaining independently owned, family-operated wild catch salmon processing companies in Alaska. After twenty-five years building the company, the owners decided that the company’s assets would be better utilized in the hands of an owner that operated in a broader range of fisheries.

ZS Role

Zachary Scott was engaged to help Snopac’s owners choose a buyer that could take advantage of the company’s unique market position, processing assets, and experienced work force. Discussions of strategic fit were held with a targeted group of companies before selecting the ultimate buyer.

Results

Icicle Seafoods was chosen as the purchaser as a result of its competitive proposal, compatible market position and favorable employee culture.