Bristol Bay Native Corporation To Acquire Blue North Fisheries and Clipper Seafoods

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Bristol Bay Native Corporation (BBNC) is pleased to announce the pending acquisition of Blue North Fisheries and Clipper Seafoods, two leading operators in the sustainably-managed freezer longline cod sector of the Bering Sea fishery. Effective September 30th, this acquisition will put BBNC, an Alaska Native corporation with deep cultural ties to fishing, in a position to bring Bering Sea earnings home to Alaska, benefiting its 10,000 shareholders as well as the local economy.

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Pacific cod merger closes; BBNC deal set for start of October

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The US’ two largest Pacific cod longline companies have officially merged, sources confirmed to Undercurrent News.

A deal between Clipper Seafoods and Blue North, which received the go-ahead from the US Department of Justice earlier this week, closed at 12:01 a.m. Friday, Sept. 13, sources said.

However, an investment in the company from the Bristol Bay Native Corporation (BBNC), which plans to take a 75% stake in the newly merged Blue North Clipper will take a few more weeks and will likely close at the beginning of October, sources added.

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