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Trident Seafoods Finalizes Petersburg Facility Sale to EC Phillips & Son

E.C. Phillips & Son, headquartered in Ketchikan, Alaska, USA, successfully concludes acquisition of a processing plant, bunkhouse, galley, and two housing units in Petersburg, Alaska, formerly owned by Trident Seafoods.

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Trident Seafoods Finalizes Petersburg Facility Sale to EC Phillips & Son
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"E.C. Phillips & Son Completes Acquisition of Petersburg Facilities from Trident Seafoods"
On April 1st, a spokesperson for Trident Seafoods confirmed the successful completion of the sale of its processing plant., bunkhouse, galley, and two housing units in Petersburg, Alaska to E.C. Phillips & Son, based in Ketchikan, Alaska, USA. This transaction solidifies E.C. Phillips & Son's year-round seafood-processing presence in Southeast Alaska, according to Trident Senior Vice President of Alaska Operations, Jeff Welbourn.
"We are delighted to see this plant under new ownership," stated Welbourn. "E.C. Phillips & Son's multi-species operation and diverse customer base align well with the Petersburg community. Their focus on variety and direct distribution may extend the plant's season, establishing it as a significant hub in the Southeast region."
Trident's strategic restructuring initiative, announced in December 2023, included the sale of its Ketchikan, Kodiak, Petersburg, False Pass, and support facilities in Chignik. Trident Seafoods CEO Joe Bundrant emphasized the importance of finding buyers who share Trident's values and integrate into the community.
"We are thrilled to announce the successful transfer of the Petersburg plant to its new owners," said Bundrant in a press release. "E.C. Phillips & Son's nearly 100-year history in the Alaska fishing industry and their reputation for quality and support make them an excellent fit for Petersburg."
Despite ongoing negotiations for the sale of its Ketchikan, False Pass, and Petersburg plants, Trident confirmed its commitment to providing a market for salmon season in Kodiak in 2024.
Changes in Alaska's processing sector also include the closure of Peter Pan Seafood's King Cove plant for the 2024 "A" pollock season and OBI Seafood's decision not to open its processing plant in Larson Bay on Kodiak Island for the 2024 season. These closures are expected to impact employment in Alaska's seafood processing sector, which has seen a decline in recent years, according to a report from the Alaska Department of Labor and Workforce Development.
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