Silver Bay, Peter Pan Reach Agreement on Valdez Facilities
Silver Bay Seafoods has acquired Peter Pan Seafoods’ Valdez, Alaska, processing facilities and also plans to operate Peter Pan’s facilities in Port Moller and Dillingham for the 2024 salmon season, the two processors said in an April 4 joint announcement.
Shifting operations of these facilities to Silver Bay Seafoods is a component of a larger restructuring effort, which is still being finalized, the two seafood giants said.
The larger restricting plan would have Silver Bay acquiring Peter Pan’s’ processing facilities and support sites after the 2024 salmon season.
Peter Pan would remain active in conducting the remaining activities needed to close out 2023 operations, including sales and accounting functions. The two companies said that they’re committed to a seamless tra...
