Sealaska buys majority of Odyssey
Juneau, Alaska, U.S.A.-based Sealaska Corporation is in the process of acquiring a majority interest in frozen seafood supplier and processor Odyssey.
Seattle, Washington-based Odyssey supplies a multitude of seafood products under its Treasures from the Sea and Chef’s Treasures brands at both supermarkets and restaurants, and provides provide label frozen seafood to retailers.
Sealaska, a Native institution owned by more than 22,000 shareholders, invests in several sectors, including natural food, seafood, maritime services and environmental services.
“The two companies have broadly agreed to terms and anticipate a formal close in the next few weeks,” Sealaska said in a statement.
Sealaska did not return a call for comment and Odyssey executives were not immediately available.
Formed in 1981, Odyssey also provides foodservice products, custom processing and private label production throughout North America from its Seattle, Washington, U.S.A.-located processing plant, Northwest Seafood Processors.
Odyssey’s Sockeye Spinach Feta Salmon Burger competed in this year’s Alaska Symphony of Seafood competition in the retail category, while its Seafood Cakes with Dungeness competed in the foodservice category.