Production at the Redditch site will be relocated to two sites that the firm operates in Grimsby.
The site is due to close by 6 June, and the firm has said that some employees will be offered the opportunity to relocate to one of the sites in Grimsby.
Several employees will be made redundant, however, it is unclear what the exact number of redundancies will be.
The firm has reached an agreement with the trade union Unite on redundancy terms after a period of consultation.
The redundancy package was then agreed upon by trade union members within the Redditch workforce by an unanimous majority.
A representative from Unite said: 'It's unfortunate the [site] is closing, but at least we've been able to negotiate a reasonable package linked to the closure.'
Coldwater Seafood employs approximately 1,000 in the UK.
Fish Firm to Close
UK - Coldwater Seafood, a firm that processes and supplies seafood, it is to close its site in Redditch in Worcestershire with the loss of 180 jobs.