An Alaskan nonprofit community development quota corporation has bought a Seattle-based seafood processing and marketing company.
The Aleutian Pribilof Island Community Development Association (APICDA)'s board of directors voted on 17 May to buy Cannon Fish Company. The acquisition is expected to close July 1 of this year.
APICDA owns all or part of nearly two dozen commercial fishing vessels, two processing plants, and several sport fish and hunting lodges in Alaska, and works to support local economies through the seafood industry.
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National Fisherman Live: 4/22/14
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