The owners of Canadian seafood processor Quinlan Brothers have announced the proposed sale of their company to Royal Greenland, reports CBC News.
The sale involves the transfer of licenses, so it is subject to provincial government approval.
The deal is expected to close later this year, following the end of the 2020 processing season.
If approved, the deal will mean that Quinlan Brothers Limited and Quin-Sea Fisheries Limited will once again be under common ownership.
A spokesperson for companies involved, Gabe Gregory, said the several hundred employees who work for Quinlan Brothers need not worry about their jobs.
"Their employment and status with the company, from the most senior person in the company to the least senior, they all have been committed their employment, their roles, their positions in the organization are secure. And for Quinlan Brothers Limited, this is business as usual," said Gregory.
