Tag Archives: processing operations
Pacific Seafood Completes Acquisition of Trident’s Kodiak Operations
Pacific Seafood and Trident Seafoods today jointly announced the completion of Pacific’s acquisition of Trident’s Kodiak, Alaska, processing operations. The acquisition includes three well-established processing plants—Star of Kodiak, Alkod, and Kodiak Near Island—as well as the Plaza bunkhouse apartments for team member housing. Trident’s Kodiak team members will be retained by Pacific Seafood, ensuring continuity and stability for the team and the local community. “Kodiak is home to some of the most abundant and sustainable fisheries in the world, and we are honored to partner with our new, very talented team members, the fleet and the community to unlock new opportunities for this region,” more, >>CLICK TO READ<< 10:27
For Sale
In the wake of a November warning that the entire industry is in trouble because of global market conditions, Trident Tuesday announced that it was launching a “comprehensive restructuring initiative” that called for “streamlining” and modernizing its 49th state operations. Or, in other words, it is trying to offload a third of its 12 processing operations, including one of the biggest. Industry insiders had been forecasting significant changes in one of the state’s main industries since processors paid high prices for a record run of Bristol Bay sockeye in 2022 only to be left holding the bag as both demand and prices dropped. But major downsizing by Trident, which has long promoted itself as “Anchored in Alaska,” still caught many by surprise. more, >>click to read<< 06:27
