Petersburg Pilot -

Silver Bay Seafoods will acquire the Peter Pan Seafoods plant in Valdez, and operate Peter Pan plants in Port Moller and Dillingham for the 2024 salmon season, the two companies announced today.

The deal with Peter Pan is the second major acquisition Silver Bay has announced in recent days. The company announced its purchase of Trident Seafood’s Ketchikan processing plant in March.

A joint news release by SBS and Peter Pan said, “Shifting operations of the two facilities to SBS is a component of a larger restructuring, still being finalized, in which Silver Bay would acquire Peter Pan’s proces...