Silver Bay Seafoods' acquisition of value-added processor Orca Bay Foods will allow the company to extract more value from the fish it harvests, Silver Bay CEO Cora Campbell told IntraFish.

Founded in 2007, Silver Bay Seafoods is a fishermen-owned company that has rocketed to the top of Alaska’s seafood processing pyramid.

On Jan. 3, the company announced it had purchased Orca Bay Foods. Terms of the deal were not disclosed.

"Silver Bay's focus in the past has been on expanding in the primary processing area, and at this point we've really built out our program in Alaska.