Consolidation continues to sweep through the seafood industry. The latest evidence is Monday’s announcement of the merger of Orca Bay Seafoods and Odyssey Foods, two Seattle-area seafood processors that are expected to provide the building blocks for a much larger entity.
“We’re trying to build a local company with scale that can continue to attract talent and get more value from Alaska seafood,” Terry Downes, chief operating officer of Sealaska Corporation, told IntraFish.
Sealaska, which acquired a majority interest in Odyssey earlier this year, and Tokusui Corporation of America, owners of Orca Bay, merged Orca Bay and Odyssey in an effort to gain greater efficiencies and economies of scale and enhance the product mix available to customers, he said.
