Waltham Seafood Distributor Slade Gorton To Sell

WALTHAM, MA — Waltham-based Slade Gorton has a lengthy history in the seafood industry, growing from humble beginnings to one of the largest seafood distributors in the country.

This week, the company agreed to a purchase agreement with Cooke Inc. to sell the company.

Slade Gorton will continue to be led by fifth-generation family members Kim Gorton, CEO, and her brother Mike Gorton Jr., EVP, Business Development, who will remain in their roles after the sale closes, according to a news release.

Kim Gorton offered this statement about the sale:

"Over nearly a century, Slade Gorton has built a robust and resilient world class supply chain in support of our family’s passion for making sustainable seafood accessible to everyone. As the world has evolved over the past several years, it became clear that to accelerate our mission and impact, it made sense to join forces with a diverse, vertically integrated company run by people who share our family values and vision for reshaping the consumer’s experience with seafood. There could be no better fit than Glenn Cooke and the incredible global company his team is building. We are excited to join forces with the Cooke family of companies to take the Gorton family’s legacy forward."

According to the companies, the deal is expected to close within the coming weeks. The terms of the deal were not disclosed.

To read the full release, click here.