The shareholders of FPI Ltd. voted Monday to approve the sale of assets to High Liner and Ocean Choice International.
The parties reached definitive agreements in August. Under the terms of the deals, St. John's-based Ocean Choice will FPI's harvesting and primary processing business, as well as FPI's inernational seafood procurement and marketing operations.
Lunenburg, Nova Scotia-based High Liner agreed to purchase FPI's North American marketing and processing division, based in Danvers, Massachusetts, and Burin, Newfoundland and Labrador.
The deal makes High Liner Canada's largest seafood firm.
High
