About Bristol Bay Native
Bristol Bay Native Corporation, or BBNC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 in settlement of aboriginal land claims.
Bristol Bay Native Headquarter Location
111 West 16th Avenue Suite 400
Anchorage, Alaska, 99501,
Latest Bristol Bay Native News
Aug 25, 2020
The novel coronavirus COVID-19 continues to upend the global seafood trade, reducing foodservice demand and complicating supply chains. If you have any stories on how your company is dealing with the crisis, please email us, [email protected] Here's a recap of pandemic-related seafood news from Monday, Aug. 24: The Bristol Bay Native Corporation (BBNC) has broken off deal talks with Bregal Partners over the possible acquisition of American Seafoods Group, with sources citing the ongoing coronavirus pandemic as the primary cause. BBNC's plans to put together a group to acquire American are on hold, sources said. Anchorage, Alaska-based McKinley Capital Management, a private equity firm involved in Rodger May's planned acquisition of Peter Pan Seafoods, was also supposed to be included in the deal plans. Regarding another potential deal, it's "too early" to say if Thai Union Group will be required to provide financial support to beleaguered US restaurant chain Red Lobster Seafood Co, which lost around $90 million in April-June due to the pandemic. April-June was the "worst quarter ever" for Red Lobster, said Joerg Ayrle, group chief financial officer of Thai Union, on the firm's recent Q2 earnings call. On a much smaller scale, the pandemic has caused another restaurant casualty : the 18-year-old, highly regarded Tin Fish in the Tinley Park suburb of the US city of Chicago has shut its doors. Meanwhile, the US Department of Agriculture has agreed to buy as much as 1.5 million pounds of frozen Alaska pollock from Seattle, Washington-based Trident Seafoods, paying nearly $2.3m at the company's bidded rates that ranged between $1.48 and $1.57 per pound. In Chile, truck drivers plan to start an indefinite stoppage as of Aug. 27, cutting off the salmon industry from all main markets. This will be another major blow to a sector already hit hard by low prices. In potentially bad news for perceptions of seafood, SARS-CoV-2 -- the virus responsible for COVID-19 -- can survive on frozen meat and fish for periods up to three weeks, according to a study published in bioRxiv . Lastly, Estonian salmon and trout farmer PRFoods believes it is in a better position than the competition to handle the immediate impacts of the coronavirus over the next financial year, despite enduring a loss-making 2019/20, it wrote in its annual report.