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It distributes Morey's Fish House, a national brand of smoked fish and seafood. ing with a Minneapolis company made sense logistically, Pickens said.

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Salasnek Fisheries supplies a ificant portion of Unique's fish, he said. Pickens said Palestra-SFI then plans to go public within two or three years. It also supplies Unique with walleye cheaper than any other local competitor, Prentice said.

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It purchased its major Detroit area competitor, Northwest Foods Co. Pickens said the company's goal is to consolidate the fragmented fish and seafood processing and distribution business from coast to coast and make Palestra-SFI the largest distributor in the country.

Both Minneapolis and Detroit are Northwest Airlines hubs,'' he said. Morey, a year-old company, is the Minneapolis area's largest supplier. Detroit-based Salasnek Fisheries L. Morey is located in Golden Valley, Minn.

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The two companies will operate independently, combining purchasing or other operations when that makes sense, said Loren Morey, president and COO of Morey Fish. Morey's father founded the company in With the Morey merger, Palestra-SFI will distribute to 43 states, with a concentration east of the Mississippi River that is extending further southward, Pickens said.

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Terms of the deal were not disclosed. Marra is a partner in Fort Dearborn, a merchant bank and management consultant that oversees corporate turnarounds and high-growth companies.

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The combined companies can offer customers and suppliers the economies of scale that size provides, Pickens said. The Morey deal will be Salasnek's second major merger or acquisition in less than three years. For example, Salasnek Fisheries supplied Unique with fresh crab for a big promotion last year, at a price that still allowed Unique to make a profit, Prentice said.

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Within one to three hours flight time of most major cities, Detroit also is well-situated to service the rest of the country by air, Pickens said. It began selling fish under the label 4 Brothers in and created the division Seafood International Inc. Morey, with employees, has its headquarters in Golden Valley, Minn. On the other hand, Prentice gets harder-to-find seafood, such as big-eye tuna, from a fish house in Seattle that ships it to Detroit one day after it's plucked from the ocean.

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Other officers of Salasnek Fisheries are John Messina, vice president of sales; Irwin Grosskind, vice president of purchasing; and Art Tillman, vice president and certified chef. None of those jobs should be lost because of the merger, Pickens said.

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Salasnek is a year-old, fourth-generation, family-owned company that is the largest fish distributer in Michigan. Palestra is an investment company, he said. Suppliers also prefer to sell to a fish distributor that can guarantee regular demand, Pickens said.

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