CANNON FISH COMPANY ACQUIRED

Cannon Fish Company acquired. US seafood processor E&E Foods has purchased Cannon Fish Company (CFC) from the Aleutian Pribilof Island Community Development Association (APICDA).

E&E Foods is converging all their Seattle area processing into a new 76,000 square foot facility that houses their office, cold storage, and production in Renton, Washington. CFC’s manufacturing equipment will be moved to the new location and CFC staff will help to operate the expanded plant.

E&E has been operating in the Seattle area since 1932 and has a large presence in Alaska with shoreside plants Egegik, (Coffee Point Seafoods), Kenal (Pacific Star Seafoods) and Yakutat (Yakutat Seafoods) and floating processors (Cape Greig) in Bristol Bay and Kotzebue. CFC, a subsidiary of APICDA Joint Ventures since 2013, is a value added seafood processing and marketing company that caters to a nationwide network of retailers, restaurants, speciality grocers and institutions.

Randy Patrick, President of E&E Foods, said: “We are a growth orientated company and are delighted to have Cannon Fish join our family. Their knowledgeable staff, sales channels, manufacturing equipment will complement our services that include expertise in fresh and frozen seafood, processing, trading, exporting, importing and brokering.”

Luke Fanning, APICDA CEO, said: “It is the right time for APICDA to sell CFC. As an organisation, we are focused on leveraging resources to maximise benefits to our member communities in Alaska. The sale proceeds will strengthen our financial position and position us to build new programmes in the Aleutian-Pribilof region that have been identified as high priorities by the board.”