SEAFOODNEWS.COM By Peggy Parker – July 1, 2015
North Pacific Seafoods, Inc. (NPSI) has reached an agreement with Inlet Fish Producers, Inc. to buy their Kenai and Kasilof processing facilities, expanding NPSI’s Alaskan seafood operations throughout Southcentral Alaska.
Talks began earlier this year between Inlet Fish and Marubeni, NPSI’s parent company, for acquisition of the two plants.
According to the Nikkei Report, Marubeni, one of Japan’s largest seafood trading houses, paid an estimated 1 billion yen ($8 million) for the company.
John Garner, COO of NPSI, added that no personnel changes are expected as a result of the purchase. The salmon season is underway in Cook Inlet and Prince William Sound with highest production anticipated in the next six weeks.
“We see this expansion as a good strategic fit for us and are delighted to have the Inlet team join our group,” Garner said.
The deal boosts NPSI’s annual seafood production volume by 5,000 metric tons to 62,000 metric tons, of mostly pink salmon and sockeye salmon. Both plants are strategically close to Anchorage’s transportation hub, a benefit for fresh salmon distribution to U.S. markets.
With the Inlet Fish acquisition, North Pacific Seafoods processing presence in Alaska expands to seven facilities, all in geographically rich salmon areas: three in Bristol Bay (Togiak, Pederson Point, and Red Salmon), one each in Kodiak and Sitka, and two on the Kenai Peninsula.
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