November 2, 2020 — Maruha Nichiro has announced it has sold its U.S. subsidiary Peter Pan Seafoods to entrepreneur Rodger May and McKinley Capital management, resulting in a USD 27.9 million (EUR 24 million) loss for the company.
In a notice “regarding the transfer of fixed assets of a consolidated subsidiary of the company,” Maruha Nichiro announced that it reached an agreement for the sale of the Alaska-based processing factory, to be completed on 31 December. The exact price that May paid for the company will not be disclosed.