Rodger May, Former Peter Pan Seafoods Chief, Wins Final Court Battle For Assets 

After a highly contested receivers’ auction outcome earlier this year for the remaining assets of bankrupt Peter Pan Seafoods, a final courtroom decision was handed down last Friday confirming that all of the iconic processors’ intellectual property, including the names and logo, will go to former CEO Rodger May. 

May made headlines when he bought Peter Pan from long-time owner Maruha-Nichiro in December 2021. The new operation did well for a few years, but by 2024 was in receivership. Silver Bay Seafoods had...

Alaska’s Silver Bay Joins GSSI as Funding Partner

The Global Sustainable Seafood Initiative (GSSI) recently announced that Alaska-based Silver Bay Seafoods joined GSSI as a Funding Partner. 

“Sustainable fishery management is critical to the success of our fishermen, and company, and the enduring strength of our partnerships with fishermen, communities, and industry across Alaska,” the company said in a statement yesterday. “Silver Bay Seafoods is enthusiastic about this new partnership with GSSI. The GSSI benchmark plays a critical role in seafood certification by extending formal recognition to robust, effective, and credible seafood certification programs...

Rodger May Wins Auction for Peter Pan’s Western Alaska Assets; Silver Bay Wins Back-Up Bid

In a series of events that rival a Hollywood thriller, over the course of five months Peter Pan Seafoods has shut down all operations in Alaska, Silver Bay Seafoods has purchased or leased key facilities just in time for the 2024 salmon season, Wells Fargo Bank asked that Peter Pan be put into a receivership, $27 million of Peter Pan’s frozen seafood assets were sold to Silver Bay, and yesterday the remaining assets were auctioned off to Rodger May, both a co-owner ...

Silver Bay Partners with BBEDC to Purchase Former Icicle Stake in OBI Seafoods

Silver Bay Seafoods is set to acquire a stake in Alaska seafood processor OBI Seafoods, purchasing the share previously owned by Icicle Seafoods, a subsidiary of Canadian seafood giant Cooke.

The deal involves a partnership between Silver Bay and the Bristol Bay Economic Development Corporation (BBEDC), which acquired a 50% stake in OBI (previously Ocean Beauty Seafoods) in 2007. Silver Bay will also garner more processing power within the wild Alaska salmon sector.

BBEDC and Silver Bay said that the partnership...