Trident Seafoods and Silver Bay Seafoods have reached an agreement in principle for Silver Bay to acquire Trident’s Ketchikan, Alaska, processing facility. The companies are currently engaged in a standard due diligence process and negotiating final deal documents. The sale is expected to be finalized in April 2024.
Located approximately 100 miles north of the Canadian border in the Southeast panhandle of Alaska, Trident’s Ketchikan facility is dedicated entirely to processing salmon. In addition to canned and frozen salmon, the plant also packs and ships fresh salmon in season for direct distribution.