True North Seafood, the processing division and flagship brand of Cooke Inc., said Tuesday it has acquired bankrupt US seafood supplier New Bedford-based Mariner Seafood.
A judge gave the go-ahead for the contentious sale last week, despite earlier objections and a request for more investigation into the deal by a committee of unsecured creditors.
A document filed with the court on Oct.22 by financial companies working on behalf of Mariner said the firm Tully & Holland in September filed an asset purchase agreement (APA) by True North that would pay Mariner cash proceeds of $2.75
