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

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

US longline fleets Clipper Seafoods and Blue North merged after receiving Department of Justice approval, creating Blue North Clipper with a substantial share of Pacific cod quota; Alaska’s Bristol Bay Native Corporation will acquire a 75 % stake in October, strengthening Indigenous participation and potentially renegotiating fleet management agreements