Financial adviser discusses OBI recapitalization

Here's the write-up from Zachary Scott & Co.

This deal initially was announced back in March.

Silver Bay's plans

Petersburg radio station KFSK has an interesting interview with Cora Campbell, CEO of fast-growing processor Silver Bay Seafoods.

An interesting note from the Peter Pan meltdown

This filing in the Peter Pan Seafood receivership reveals a "collaboration among competitors" involving the storage, labeling and distribution of canned salmon.

CEOs discuss the salmon situation

National Fisherman has published interviews with the chief executives of three leading Alaska salmon processors.

The CEOs offer their takes on the 2024 season and challenges facing the industry.

Silver Bay Seafoods CEO Cora Campbell

OBI Seafoods CEO John Hanrahan

Trident Seafoods CEO Joe Bundrant

OBI's pullback — and its big score

OBI Seafoods is making news on multiple fronts.

The Kodiak Daily Mirror is reporting OBI has notified setnetters at Alitak, on the south end of Kodiak Island, it won't be buying salmon there this season.

Deckboss has asked the company for more details on this.

In other news, OBI was a big winner in a recent round of government fish procurement. The U.S. Department of Agriculture on March 6 announced it purchased $54 million in canned pink salmon and $14.4 million in canned red salmon from OBI.

OBI was created in 2020 through a merger of Ocean Beauty and Icicle.

Uncle Sam's salmon

The U.S. Department of Agriculture purchased $20.2 million in canned red salmon from packers Peter Pan and OBI.

OBI hires Peter Pan's can man

"OBI is the largest producer of Alaska canned salmon, so I am thrilled to bring my expertise to the company," John Daly says in this press release.