Silver Bay Seafoods has completed its takeover of Trident Seafood’s processing facility in Ketchikan, Alaska.
Trident announced in December 2023 that it was seeking buyers for four of its Alaska-based plants as part of a comprehensive, strategic restructuring.
Chief executive, Joe Bundrant said that the company is looking for buyers who share Trident’s values, will take care of the fleet and employees, and will integrate themselves into the community.
“Silver Bay will be a great partner to the many stakeholders who depend on this facility,” said Bundrant. “As difficult as it is to part with the Ketchikan operation, it will be a great addition to Silver Bay’s southeast operations.”
Silver Bay Seafoods already operates facilities in Sitka and Craig. “The Ketchikan facility complements our existing southeast facilities very well,” said Cora Campbell, president and chief executive of Silver Bay Seafoods.
“We are excited to officially add this facility to the Silver Bay program and appreciate Trident’s focus on a smooth transition ahead of the 2024 salmon season.
“With our expanded reach, capacity, and product forms, we are well situated to support the seine and drift fishermen who operate in the southeast salmon fisheries, and we are thrilled to be a new member of the Ketchikan community.”
