December 21, 2023 — Trident Seafoods, a corporate giant among North American seafood processors, is looking for potential buyers for four of its shoreside plants in Alaska as part of a restructuring plan announced on Tuesday from its headquarters in Seattle.
Such bold action is necessary to deliver fair value to fleet, communities and all stakeholders into the future, said Joe Bundrant, CEO of the company built by his father, Chuck Bundrant, starting more than 50 years ago with a single fishing vessel.
Bundrant said he remains confident overall of the Alaska seafood industry and Trident’s role in it. He acknowledged these significant changes and said the company is focused on treating its impacted employees and communities with the respect and compassion they deserve.
“Embracing these changes and operating a more streamlined company will allow us to reinvest in the communities, people, processes, and assets that enable us to continue our mission of responsibly sharing wild Alaska seafood with the world,” he said.