Trident Seafoods has offloaded its processing facility in Petersburg, Alaska, U.S.A. to E.C. Phillips & Son, a seafood company based in Ketchikan, Alaska.
Trident announced the deal 15 March, saying it had reached an agreement to sell its processing plant, bunkhouse, galley, and two housing units in Petersburg, Alaska, to E.C. Phillips & Son, with the transaction expected to close in April.
“E.C. Phillips & Son is a well-established family company with an almost 100-year history in the Alaska fishing industry,” Trident Seafoods CEO Joe Bundrant said in a statement. “The company has an excellent reputation for quality and support, making it a great fit for Petersburg.”
E.C. Phillips & Son buys is a seafood buyer with year-round seafood processing operations, according to its website.
“We are very happy to see this plant in good hands. Like the Petersburg community, E.C. Phillips is a multi-species operation with a diverse customer base,” Trident Seafoods Senior Vice President of Alaska Operations Jeff Welbourn said. “This means that the Petersburg plant could enjoy a longer season than it did under Trident’s banner, with an operator more focused on variety and direct distribution. This approach should set the Petersburg fleet up as a great hub in the Southeast [Alaska] region.”
E.C. Phillips & Son has requested Trident handle all media inquiries, and a Trident spokesperson said the company did not have additional comment beyond its press release, but that it would share more details of the transaction and its significance to Trident when the deal closes.
On 13 March, Trident announced it was selling its Ketchikan processing facility to Silver Bay Seafoods. Trident said in December 2023 it was aiming to sell its Ketchikan, Kodiak, Petersburg, False Pass, and support facilities in Chignik as part of a strategic restructuring initiative.
In an 8 March update, Trident said it was close to finalizing sales of its Ketchikan, False Pass, and Petersburg plants.
