November 7, 2024 — Silver Bay Seafoods is acquiring Alaska-based seafood processing facilities in Dillingham and Port Moller, along with fishery support sites in Dillingham and North Naknek – formerly owned by Peter Pan Seafoods – from Rodger May.
May submitted a USD 37.3 million (EUR 34.5 million) winning bid for the facilities – along with other assets of Peter Pan Seafoods – in late September after the company entered receivership in April 2024. At the time, Silver Bay competed directly with May to purchase the assets. Following May’s winning bid, creditors to whom Peter Pan Seafoods owed money argued in court that the receiver should have sold the facilities to Silver Bay.