October 22, 2024 — Trident Seafoods and Pacific Seafood have jointly announced an agreement in principle for Pacific Seafood to acquire Trident’s processing facilities at Kodiak.
The two seafood processing firms said on Oct. 14 that they are currently completing their due diligence efforts and expect to finalize the transaction in November.
They said that both parties are committed to providing job security and ensuring continuity of the Kodiak operations.
“Our top priority is to reassure employees and the fleet that this is a handoff, not a shutdown,” said Joe Bundrant, CEO of Trident. “We are committed to a smooth transition with Pacific Seafood, so they are well prepared to operate for the 2025 A season.”
Frank Dulcich, CEO and president of Pacific Seafood, said his company is excited about this opportunity to expand their Kodiak operations and leverage its diverse national and international distribution channels to provide even more opportunities for Kodiak team members and the fleet.
Dulcich said Pacific Seafood plans to retain all employees of the Kodiak facility as part of the deal.