Pacific Seafood, which has processing plants along the Oregon coast and elsewhere along the U.S. coasts, has acquired the distribution business of Alaskas-based Ocean Beauty Seafoods.
Ocean Beauty Seafoods announced in 2023 it was planning to sell off its distribution business which includes its distribution operations in Astoria and Portland, Boise, Dallas, Helena, Renton, Wash. and Salt Lake City.
The move was part of a long-term business strategy of the Bristol Bay Economic Development Corporation and the three investors who had owned the business since the mid-1990s. The sale to Pacific Seafood did not include Ocean Beauty’s Salt Lake City operations.
In announcing the sale this week, Pacific said it will keep its distribution operations focused on serving customers consistently while those customers also gain access to its resources and network.
“We are excited to bring our teams together by combining the best of both our respective companies, which will make us stronger and better together to serve our valued customers, our communities in which we serve, and our joint teams and their families,” Pacific Seafood President and CEO Frank Dulcich said in a release.
Michael Link, one of the longtime investors in Ocean Beauty Seafoods and the CEO of the BBEDC, said the combination brings together “two companies that are complementary and will create a sustainable and exciting future for all of Ocean Beauty Seafoods customers and team members.”
Financial terms on the transaction were not disclosed.
Pacific Seafood has been focused on expansion, with an overall goal to double the size of its business by 2031. That goal has seen it launch a brand refresh and open its first office in Europe. It also purchased additional capacity via the acquisition of Trident Seafoods’ Kodiak, Alaska-based processing facility in 2024.
