OCI announces buyout of minority partner

ST. JOHN'S, May 4, 2017 /CNW/ - Ocean Choice International (OCI) is pleased to announce the successful buyout of its minority partner, Landvis Canada Inc.  Two of the founders of OCI, Martin Sullivan (CEO) and Blaine Sullivan (COO), are now the sole owners, making the company 100% locally owned and operated.

"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. 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," says Martin Sullivan.

"Throughout this process our employees, communities and  customers have been incredibly supportive and, like us, can now look forward to the solid foundation this provides for our continued growth and leadership in the Canadian and  global fishing industries.  Providing the highest quality seafood to customers around the globe is a team effort and we thank all those on the OCI team for their passion as we all look forward to an exciting future" says Blaine Sullivan.

About OCI
Ocean Choice International is one of Canada's leading vertically integrated seafood harvesting, processing and marketing companies with operations throughout Atlantic Canada and sales and marketing offices around the world. As one of Canada's largest wild fish quota holders, OCI is a leader in fishing and processing technology and market development.  For further information visit www.oceanchoice.com.

SOURCE Ocean Choice International Inc.

Media Contact: Paula Kieley, OCI, T: [phone], E: [email protected]