The COVID-19 pandemic has slowed the sale process of Clearwater Seafoods, executives conceded on Tuesday.

In March Clearwater announced it was initiating a formal process to identify, review and evaluate a broad range of potential strategic alternatives, including a possible sale of the company.

"The process continues in earnest and the timetable is being impacted by COVID-related restrictions," Clearwater CEO Ian Smith told IntraFish when asked whether the current inability to travel was hampering bidders efforts to carry out due diligence.