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Under new ownership, Peter Pan will focus on value-added products

Under new ownership, Peter Pan will focus on value-added products
January 21st |

Peter Pan, the seafood processing company with an array of plants in Southwest Alaska, had been struggling to keep up with competitors.
So, when its owner, Japanese seafood giant Maruha Nichiro, initially announced its sale of Peter Pan to three buyers, it said it expected a loss of almost $28 million.
The deal means the company is now vertically integrated, so all stages of production and marketing usually operated separately are now under one owner. It also places Peter Pan under American ownership.
One of the three buyers is Northwest Fish. Its owner, Rodger May, is the president of New Peter Pan. The Na -nuk Investment Fund, managed by McKinley Capital, a private equity group, is another. The RRG Global Partners Fund is the third buyer. ....

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Earth's magnetic field may guide salmon, study says

Earth s magnetic field may guide salmon, study says
January 14th |

Is it a coincidence that one of the world s largest mineral deposits is located near the world s largest sockeye salmon spawning grounds at Bristol Bay? And if the likes of a Pebble mine removed the bulk of those deep deposits that also create the world s magnetic field, could it disrupt the salmon s ability to find their way home?
A study, funded by Arron Kallenberg of Homer, founder/CEO of Wild Alaskan Company and a third generation Bristol Bay fisherman, aims to find out.
It s not even been 10 years since we ve discovered that salmon, sea turtles and other marine species are using the Earth s magnetic field as a way to know where they are and to make important navigation decisions. But what is the magnetic environment that they need to thrive, and what might humans be doing that might keep them from thriving, said Dr. Nathan Putman, a senior scientist at Texas-based LGL Ecological ....

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Under new ownership, Peter Pan says it will focus on value added products

One of the largest seafood companies in the world has sold Peter Pan Seafoods to three private equity groups. The sale comes after years of struggle for ....

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Privately funded study to examine role of regional magnetism in migration of Bristol Bay salmon

Privately funded study to examine role of regional magnetism in migration of Bristol Bay salmon
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Is it a coincidence that one of the world’s largest mineral deposits is located near the world’s largest sockeye salmon spawning grounds at Bristol Bay? And if the likes of a Pebble mine removed the bulk of those deep deposits that also create the world’s magnetic field, could it disrupt the salmon’s ability to find their way home?
A study funded by Homer’s Arron Kallenberg founder and CEO of Wild Alaskan Co. and a third-generation Bristol Bay fisherman aims to find out. ....

Dutch Harbor , United States , Kodiak Island , Bristol Bay , United Kingdom , Port Moller , Sankt Peterburg , Gulf Of Alaska , King Cove , Kuskokwim Delta , Peter Pan , Bering Sea , Kevin Kaldestad , Nathan Putman , Arron Kallenberg , Maruha Nichiro , Gordon Kristjanson , Us Department Of Agriculture , Coastal Villages Region Fund , Mariner Companies , Farm Service Agencies , Bristol Bay Economic Development Corp , International Pacific Halibut Meetings , Ecological Research Associates , Seafood Trade Relief Program , Rodger May Of Northwest Fish Co ,

Alaska's Peter Pan doubles down on value addition with Northwest Fish merger

Alaska s Peter Pan doubles down on value addition with Northwest Fish merger
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Seattle, Washington, U.S.A.-based Northwest Fish and Anchorage, Alaska, U.S.A.-based McKinley Capital Management have beat out Trident Seafoods, Canfisco, and Silver Bay Seafoods to scoop up the assets of Peter Pan Seafood Co. from Japanese conglomerate Maruha Nichiro.
The sale, which was announced by Maruha Nichiro in November 2020, was finalized on 31 December, 2020. Northwest Fish and McKinley collaborated with London, United Kingdom-based RRG Investments on the transaction. Peter Pan Seafood Co. now comprises Peter Pan Seafood’s assets and the value-added sales channels of Northwest Fish Co. The new ownership group is Rodger May of Northwest Fish, the Na’-Nuk Investment Fund (managed by McKinley Capital Management), and the RRG Global Partners Fund (managed by RRG Capital Management). ....

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