SITKA, Alaska (AP) — A seafood processor based in Alaska has sold a 12 percent ownership stake to the parent company of StarKist Co., giving the South Korea tuna producer greater access to salmon.


The sale to Dongwon Industries by Sitka-based Silver Bay Seafoods has been public since November, but the Alaska processor outlined details this week to the Sitka Chamber of Commerce.


"I'm sure everyone in this room is familiar with Charlie the Tuna," Silver Bay CEO Rich Riggs told the chamber Wednesday. "It definitely demonstrates that Silver Bay has arrived."


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