Founded in the early 1900s, the family-run business, which is based in the Bronx, also operates a processing facility in Point Judith, R.I.

It delivers seafood, including whole fish, fillets, live shellfish and breaded, smoked, canned or frozen products, to more than 1,000 customers in the tri-state area, Crain's New York business.com reported.

According the filing, the company lost a lot of business in 2009 and 2010. It cut payroll by almost 50 percent during that time to lower its expenses and also shut down unprofitable lines of business.