ANCHORAGE, Alaska -
The company said in a social media post that it would be halting operations at its processing plants and discontinuing “both summer and winter production cycles for the foreseeable future.” Peter Pan Seafoods is headquartered in Bellevue, Washington, after beginning operations in 1950, and operates four full processing plants in Alaska, including King Cove, Port Moller, Dillingham, and Valdez, according to its. It also operates two additional sites in Sand Point and Naknek, which are subsidiary plants. The company said its King Cove plant is the largest salmon processing site in the state.
The company directed Peter Pan employees to apply for job opportunities with Silver Bay Seafoods, another large seafood company in Alaska. Silver Bay is much newer — having begun operations in 2007 — and claims six domestic processing plants in Alaska and the West Coast. Silver Bay is based in Seattle, Washington.
We're saddened to share that Peter Pan Seafoods will be halting operations at its processing plants, leading to the...Friday’s announcement comes as the seafood industry in Alaska is experiencing a general rebound from a rough 2020 season caused by COVID-19 impacts.Peter Pan Seafoods came under new ownership in January 2021, with Northwest Fish Co., the Na’-Nuk Investment Fund, and RRG Capital Management combining to take over operations. Na’-Nuk is managed by McKinley Capital Management.