Silver Bay Seafoods and Peter Pan Seafoods Announce Valdez Acquisition and 2024 Operational Plan
Silver Bay Seafoods and Peter Pan Seafoods announced today that the agreement for Silver Bay to acquire Peter Pan’s Valdez facility has been finalized and that Silver Bay plans to operate the Peter Pan facilities in Port Moller and Dillingham for the 2024 salmon season. Shifting operations of the two facilities to SBS is a component of a larger restructuring, still being finalized, in which Silver Bay would acquire Peter Pan’s processing facilities and support sites after the 2024 salmon season. Peter Pan will remain active in conducting the remaining activities needed to close out 2023 operations, including sales and accounting functions. Both companies are committed to a seamless transition and ensuring minimal disruption to fishermen, communities, and employees. more, >>click to read<< 10:21
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