Paine & Partners, LLC of San Francisco announced Friday that it’s entered into agreements to sell Icicle Seafoods to two groups.

According to the press release, Convergence Holdings, Inc. will acquire Icicle’s land-based wild seafood processing and farmed salmon activities while Dominion Catchers, LLC will acquire the company’s harvesting and processing vessels, as well as associated fishing rights. 

Paine & Partners bought Icicle in 2007.

The seafood company began in 1965 when a group of employees and fishermen in Petersburg bought the Pacific American Fisheries cannery. It’s sin...