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Home arrow News arrow Economic Impact arrow Good Harbor Fillet sold; job futures uncertain
Good Harbor Fillet sold; job futures uncertain
Good Harbor Fillet, a homegrown, value-added, fish processor-distributor operating in a 67,000 square foot plant in Blackburn Industrial Park, has been acquired for integration into American Seafoods, a privately held conglomerate, that describes itself as "one of the largest integrated seafood companies in the U.S. in terms of revenues."
 

The acquisition of Good Harbor Fillet from Creo Capital Partners LLC — which pulled Good Harbor out of bankruptcy in 2006, investing $8 million in the settlement — was announced late Monday from American Seafoods Group headquarters in Seattle. No terms or figures were announced, and officials said no decisions have been made as to how the deal will affect jobs or operations at the Gloucester facility.

The acquisition was predicated on integrating Good Harbor with American Pride Seafoods, a New Bedford company owned by the conglomerate, which like Good Harbor, owns a value a added processing facility and cold storage warehouse as well as a scallop processing plant.

The implications for the employees at Good Harbor are unclear. Bill Stride, the president of Good Harbor who founded the company in 1985, declined comment and referred questions to American Pride.

Read the complete story from The Gloucester Times

 

 

 

 

 

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