April 6, 2024 — Silver Bay Seafoods has acquired Peter Pan Seafoods’ seafood processing facility in Valdez, Alaska, U.S.A. and will operate its other Alaska plans in 2024.
The agreement, announced 4 April, will see Silver Bay operate Peter Pan’s Port Moller and Dillingham facilities for the 2024 season, and then acquire them after the season ends. With Peter Pan’s closure of its King Cove plant in January 2024 and no announcement that it will reopen by summer, the company will effectively have no physical plant remaining in the state of Alaska. Additionally, it has agreed to transfer the licensing for its Demmings, Humpty Dumpty, and Double Q canned salmon brands to Silver Bay.