March 20, 2025 — Sitka-based Silver Bay Seafoods is buying out the international seafood processing giant OBI.
Silver Bay announced the acquisition on Tuesday, stating that it is partnering with the Bristol Bay Economic Development Corporation.
In a press release, Silver Bay says it plans to manage all OBI facilities and operations, including processing plants in Petersburg, Seward, Kodiak, Larsen Bay, Egegik, Wood River, Cordova, and Naknek, as well as a warehouse and labeling facility in Kent, Washington.