The financial troubles of Peter Pan Seafoods have escalated. The King County Superior Court in Washington state has approved a request from Wells Fargo Bank to place the seafood processor into receivership. Peter Pan’s financial affairs will be overseen by the Los Angeles-based Stapleton Group. The petition filed last week…
Peter Pan Seafood’s future has been uncertain since January when the company disclosed plans to shutter its King Cove facility for the winter fishing seasons of cod, whitefish, and crab. Today, the company has officially announced it will “suspend operations at its processing facilities, ceasing both summer and winter production…
On Wednesday, February 7th, 2024, a fire broke out at the Peter Pan Seafood facility in Sand Point, Alaska. According to Edith Mejia, who serves as both the office manager and dispatcher for the police department, the fire likely began sometime between 7 a.m. and 8 a.m. According to a…
Peter Pan Seafood has been processing Alaskan seafood including salmon, halibut, crab, and caviar since 1912. With processing plants in Dillingham, Port Moller, King Cove, and Valdez, they employ approximately 1,310 people during peak season. The fishing industry in Southwest Alaska is facing a significant blow as Peter Pan Seafood…