E&E Foods to purchase APICDA’s Cannon Fish Co.
E&E will then consolidate its Renton, Wash., processing operations into a single 76,000-square-foot facility that houses the office, cold storage and production.
E&E Foods, Seattle, Wash., announced plans to purchase the Cannon Fish Co. (CFC), a Kent, Wash.-based subsidiary of Aleutian Pribilof Island Community Development Association (APICDA).
E&E will consolidate its Renton, Wash., processing operations into a single 76,000-square-foot facility that houses the office, cold storage and production. CFC’s manufacturing equipment will move to the new location, and CFC’s staff will help operate the expanded plant.
E&E is a value-added seafood processing and marketing company, providing shoreside plants in Egegik (Coffee Point Seafoods), Kenai (Pacific Star Seafoods) and Yakutat (Yakutat Seafoods) and a floating processor (Cape Greig) in Bristol Bay and Kotzebue to a nationwide network of retailers, restaurants, specialty grocers and institutions.
“We are happy to be selling CFC to a company with deep roots in both Alaska and the Pacific Northwest. E&E Foods is a leader in the seafood industry, and will provide continued employment opportunities for CFC’s staff,” says Luke Fanning, chief executive officer of APICDA. “It is the right time for APICDA to sell CFC. As an organization, we are focused on leveraging resources to maximize benefits to our CDQ member communities in Alaska. The sale proceeds will strengthen our financial position and allow us to build new programs in the Aleutian-Pribilof region that have been identified as high priorities by our board.”
“E&E Foods is a growth-oriented company, and we are delighted to have Cannon Fish join our family. Their knowledgeable staff, sales channels and manufacturing equipment will complement our services that include expertise in fresh and frozen seafood, processing, trading, exporting, importing and brokering,” adds Randy Patrick, president of E&E Foods.