Sitka processor sells ownership stake to Starkist

Sitka-based Silver Bay Seafoods has sold a twelve percent stake to Dongwon, the Korean owners of Starkist Tuna. The news of the sale has been public since November, but Silver Bay CEO Rich Riggs added details during a presentation to the Sitka Chamber of Commerce. The fisherman-owned processor is only 8 years old, but has grown rapidly in Alaska and on the West Coast. . Read the rest here 11:04