Tag Archives: Peter Pan Seafood
Original Peter Pan Seafood investor wins auction for troubled company’s assets
One of the original investors in a troubled Alaska seafood company has narrowly outbid competitor Silver Bay Seafoods in an auction for the firm’s assets — including a major processing plant in the Alaska Peninsula village of King Cove. Rodger May, an entrepreneur and fish trader, bid $37.3 million for the assets of Peter Pan Seafood, including two other processing plants — one in the Bristol Bay hub town of Dillingham and another in a remote part of the Alaska Peninsula called Port Moller. May’s bid was $257,000 higher than the bid offered by Silver Bay Seafoods, a major Alaska seafood company that’s expanded rapidly in recent years. The sale of Peter Pan, which operates primarily in Alaska with a business headquarters in Washington, isn’t final. A confirmation hearing in Peter Pan’s receivership case — a bankruptcy-like proceeding overseen by a Seattle court — is scheduled for Oct. 3. more, >>CLICK TO READ<< 11:36
OPINION: Fighting for our lives in King Cove
I am a fisherman; one of my grandfathers was a fisherman and the other one was a lifelong employee of Peter Pan Seafoods. My father was a fisherman, my brother is a fisherman and my mother, for much of her working life, worked for Peter Pan. We live in the southwest Aleut community of King Cove. For my extended family and all the other families like mine, we rely upon our knowledge of the ocean, our skills in the harvesting of fish, and a fish processor that pays a fair price. At the end of each day, we enjoy the satisfaction of hard work paying off. As King Cove’s mayor, it hurts my heart to say that it has taken only a few short months for me to no longer recognize my world. Events have conspired to threaten our very existence. A collapse of our incomes, individually and citywide, the shock of realizing that municipal projects, many years in the making, may grind to a halt. more, >>CLICK TO READ<< 20:35
