We are saddened to inform our fishermen and the King Cove community that Peter Pan Seafood will not be able to operate our King Cove facility for the 2024 A Season. This is an unfortunate but temporary step. We will be open for the 2024 B Season, and we remain steadfast in our commitment to Alaska, our fleet, and the communities where we do business.
We did not come to this decision quickly or easily. The current state of the seafood industry is tumultuous, and it has impacted many operators in the region. The industry is facing inflation, interest rates hikes, financing challenges, and high fuel costs. We have worked through these issues as diligently as possible and have explored possible options. This temporary step, while difficult, is necessary to maintain our long-term commitment to the future of our business in Alaska.
We remain committed to continuing to provide the best service and support possible to our fleet, communities, and stakeholders while continuing our mission to be an exemplary global supplier of top-quality and responsibly sourced seafood. Looking to the future, we will employ more than 1,000 this year as we open the King Cove facility for the 2024 B Season and our other three facilities as normal for the salmon season.
We are steadfast in our future commitment to Alaska, our fleet, and the communities we do business in. We are grateful for the strong relationship we have with King Cove and we remain committed to doing everything in our power to support the community and fishermen during this time.
About Peter Pan Seafood
Peter Pan Seafood Company, LLC is a vertically integrated seafood company dedicated to a strong future of prosperity and sustainability composed of Peter Pan Seafood’s assets and the value-added sales channels of Northwest Fish Co., LLC (“Northwest Fish”). The ownership group is Rodger May of Northwest Fish, the Na’-Nuk Investment Fund, LP (managed by McKinley Alaska Private Investment, LLC and McKinley Capital Management, LLC), and the RRG Global Partners Fund (managed by RRG Capital Management, LLC).
