Silver Bay Seafoods and Bristol Bay Economic Development Corporation Announce Partnership to Strengthen Alaska Seafood Industry

Sitka, AK and Dillingham, AK – March 18, 2025 – Silver Bay Seafoods and Bristol Bay Economic Development Corporation (BBEDC) jointly announced a partnership to strengthen Alaska seafood industry. Silver Bay Seafoods will be acquiring the interest in OBI Seafoods formerly owned by Icicle Seafoods and managing all OBI facilities and operations. This includes active plants located in Petersburg, Seward, Larsen Bay, Egegik, Wood River, Cordova, Kodiak, and Naknek as well as the Kent Warehouse and Labeling facility in Washington state. The plants produce salmon, whitefish, and crab, in fresh, frozen, and canned forms.

This new partnership between Silver Bay Seafoods and BBEDC will increase stability for Alaskan fishermen and communities reliant on seafoods processing operations. It creates a much-needed platform for efficient operations to benefit all stakeholders in the Alaska salmon industry.

“With the many challenges facing Alaska’s seafood industry, BBEDC recognizes the importance of strategic partnerships to support Alaska’s regional fishing economies,” said Michael Link, CEO of BBEDC. “We are pleased to partner with another strong Alaskan company to achieve the efficiencies this industry needs to remain competitive in a global economy.”

"Silver Bay Seafoods is excited to expand our coastal Alaska partnerships to create more stability in the seafood sector" said Cora Campbell, President and CEO of Silver Bay Seafoods. "This investment in OBI will allow us to serve more fishermen and communities. We plan to bring our fishermen focus, commitment to innovation, and operational excellence to this partnership to maximize the competitiveness of the Alaska seafood industry.”

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About Silver Bay Seafoods

Silver Bay Seafoods is an integrated processor of frozen salmon, herring, whitefish and squid products for domestic and export markets. It began in 2007 as a single salmon processing facility in Sitka, Alaska and has grown to one of the largest seafood companies in Alaska, operating thirteen domestic processing facilities throughout Alaska and the West Coast. Silver Bay is owned by 600 fishermen who supply the company’s state-of-the-art processing plants with wild-caught, sustainably harvested seafood that is sold to customers worldwide.

About Bristol Bay Economic Development Corporation

Bristol Bay Economic Development Corporation (BBEDC) is one of six community development quota organizations in Alaska that together support economic development in 65 Western Alaska villages. BBEDC acquired a 50% interest in Ocean Beauty Seafoods in 2007, which then merged with Icicle Seafoods in 2020 to form OBI Seafoods. BBEDC is proud of its unwavering commitment to the long-term goal of enhancing the regional economy with revenues earned from its fisheries quota and investments in the Bering Sea fishing industry. BBEDC funds a wide array of education, training, community infrastructure, and fishery-related programs for its 17 communities and approximately 6,000 people who reside year-round in the region.