Seattle, Wash. and Kodiak, Alaska – May 30, 2024 – Trident Seafoods has announced that its plant in Kodiak, Alaska, will continue operating through ‘B’ Season, ensuring local fishermen have a market for the season and surrounding businesses remain secure. The company will remain the facility's operator while confidential sale negotiations continue.
"We know how important the Kodiak plant is to the community and the surrounding fisheries," said Jeff Welbourn, Senior Vice President of Alaska Operations. "We appreciate that this is an uncertain time. The decision to continue operations through 'B' Season is tied directly to our commitment to ensuring the plant remains an important economic contributor to Kodiak and the surrounding community now and into the future."
Trident announced last year that it was seeking buyers for four of its Alaska shoreside plants as part of a comprehensive, strategic restructuring initiative. In April 2024, the company announced the sale of its Petersburg plant to E.C. Phillips & Son, and its Ketchikan plant was purchased by Silver Bay Seafoods.
Negotiations with prospective buyers for the company’s False Pass and Kodiak facilities remain ongoing. As the largest and most complex plant, with year-round operations supporting multiple species, the complexity of the operations makes the sale of the Kodiak plant a lengthier due diligence process.
"We’re currently in the middle of sale negotiations for Kodiak, a process covered by a non-disclosure agreement," said Joe Bundrant, CEO of Trident Seafoods. "While we aren’t able to disclose more details at this time, we’re confident about the plant’s future, and we’re looking forward to sharing more details as soon as possible."
About Trident Seafoods
Trident Seafoods is North America's largest vertically integrated seafood harvesting and processing company. Trident is a privately held, 100 percent USA-owned company with global operations in 6 countries and serves customers in almost 60 countries. Headquartered in Seattle, Washington (USA), Trident employs approximately 9,000 people worldwide each year and partners with over 5,400 independent fishermen and crewmembers. Species harvested and processed by Trident include virtually every commercial species of salmon, whitefish, and crab harvested in the North Pacific and Alaska. The global supply chain also includes cultured and wild species from a network of trusted sources worldwide.
Follow Trident Seafoods on the Web at www.tridentseafoods.com or on social media on LinkedIn, Facebook, X (formerly Twitter), Instagram, Pinterest, or YouTube.
FOR MORE INFORMATION, CONTACT:
Alexis Telfer (Trident Seafoods, Corporate Communications) atelfer@tridentseafoods.com