JUNEAU, Alaska (AP) — Southeast regional Native corporation Sealaska has announced the purchase of a minority stake in a Seattle-based seafood processor, marking its first transition into the seafood industry in nearly 30 years.
Sealaska Chief Operating Officer Terry Downes said the purchase of Independent Packers Corporation announced Monday is part of Sealaska's shift into businesses familiar to its 22,000 shareholders.
“It straddles Southeast Alaska and the Pacific Northwest,” Downes said. “We want to have our businesses be really relevant to the ownership.”
Sealaska's previous work in the...
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