More than 160 employees will lose their jobs when the High Liner Inc. plant in Danvers closes in 2013.

High Liner, located at 18 Electronics Ave., coats and batters fish for the food-service industry, a company spokesman told the Boston Globe.

The reason for the plant closure in Danvers, alongside another in Canada, is because the two are considered "the highest-cost and most underutilized facilities," High Liner Foods said in a press release.

"High Liner Foods recognizes that this is a very difficult day for the more than 300 employees, as well as their families, in both communities most of whom will be leaving the High Liner family later this year or early next year as a result of this decision,” said Henry Demone, Chief Executive Officer of High Liner Foods.

Although the company has seen growth, "the reality is that we only need four North American plants to supply our customers," Demone said.