Trident Seafoods to Sell Four Alaska Processing Plants in Restructuring Plan
Seattle, Wash.-based global seafoods company Trident Seafoods announced it will sell off four of its 12 shoreside processing plants in Alaska, in order to streamline its Alaska operations and refocus its global commercial strategy, a company release said.
The processing plants on the block are located in Kodiak, Ketchikan, Petersburg and False Pass, Alaska. The company said that the Kodiak facility operates nearly year-round processing pollock, salmon, Pacific cod and crab, and that plant will continue to operate during the winter season but significantly scaled back.
The other three plants will be sold as part of a refocus of the company’s regional salmon operations in Southeast Alaska and Area M.
In addition, Trident will shut down or sell other assets, including its historic South Naknek Diamond NN cannery and support facilities in Chignik, Alaska. It is assessing its overall company-owned vessel strategy as part of this restructuring.
Trident will restructure its head office support functions in the move too, resulting in a 10% workforce reduction there.
The company announced in August a delay to 2025 the groundbreaking for its a new, state-of-the-art processing plant in Unalaska, Alaska, and the company said construction would likely resume once the current restructuring plan is executed.
