Silver Bay Seafoods

What Silver Bay Seafoods does

Silver Bay Seafoods is a fishermen-owned, vertically integrated seafood processor founded in 2007 and headquartered in Sitka, Alaska with corporate operations in Seattle. The company operates 13+ processing facilities across Alaska (Southeast, Southcentral, Kodiak, Bristol Bay, Alaska Peninsula) and the West Coast (Seattle, Wilmington CA, Moss Landing CA), and claims to process 90–95% of the U.S. wild salmon harvest as the country's largest wild salmon producer. Its 600+ fishermen-owners supply the harvest, and the firm has expanded capacity through the 2023 acquisition of Orca Bay Foods (secondary processing), the 2024 acquisitions of Trident's Ketchikan and False Pass facilities, and a 2025 partnership with the Bristol Bay Economic Development Corporation covering the former OBI Seafoods asset base.

The product portfolio covers five species of wild Pacific salmon (king, sockeye, coho, pink, keta) sold as H&G, portions, fillets, and roe; a branded canned salmon line (Double Q, Deming's, Black Top, Honey Boy, Pillar Rock, Icy Point) under which Silver Bay claims to be the world's largest canner of wild Alaska salmon; Alaska whitefish (Pacific Cod, Sablefish, Pollock, Halibut, Flounder, Herring, Sole); and MSC-certified California Market Squid. The secondary processing arm, Orca Bay Foods, produces value-added seafood, battered and breaded vegetables, meat substitutes, and vegan products from a 77,000 sq ft South Seattle facility. Programs are certified to MSC and CSI standards, both benchmarked by the Global Sustainable Seafood Initiative and aligned with the UN FAO Code of Conduct for Responsible Fisheries.

Revenue is generated through three primary streams: B2B direct sales of fresh, frozen, and canned seafood to domestic foodservice distributors and retail grocery chains; export sales worldwide; and government contract supply, most recently a USD 11.2 million USDA contract for canned pink salmon to federal nutrition programs including the National School Lunch Program. Pricing is contract-based and not publicly disclosed. Customer segments are horizontal across foodservice, retail, government, and export channels. The company is led by President and CEO Cora Campbell, with Michael Guy as CFO, and remains private with no identified institutional or PE/VC ownership; the fishermen-ownership structure is explicitly preserved through each acquisition and partnership.

Name

Silver Bay Seafoods

Legal name

Silver Bay Seafoods

Website

https://silverbayseafoods.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Silver Bay Seafoods is a fishermen-owned, vertically integrated seafood processor operating 13+ facilities across Alaska and the West Coast, producing wild salmon, whitefish, squid, and value-added products for foodservice, retail, government, and export customers, and processing 90–95% of the U.S. wild salmon harvest.

Ownership category

akta.pro rank

Product category

Seafood Processing

NAICS

Seafood Product Preparation and Packaging (3117), Fish and Seafood Merchant Wholesalers (42446), Other Marine Fishing (114119)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Miscellaneous Food Preparations & Kindred Products (2090), Wholesale-Groceries & Related Products (5140)

akta.pro primary industry

Finfish Processing (Filleting, Portioning, Trimming) (AFANADAB)

akta.pro secondary industries

Value-Added Seafood Packaging (MAP/Vacuum, Portion Packs, Private Label) (AFANADAM), Frozen Seafood Meals & Value-Added Seafood (CRADADAG), Breaded/Battered & Fried Seafood Products (Frozen Convenience) (AFANADAH), Seafood Wholesale (Fresh & Frozen) (AFAIADAD), Smoked, Cured & Salted Seafood (Lox, Kippers, Bacalao) (AFANADAF)

Keywords

• Wild salmon processing
• Seafood distribution
• Canned salmon products
• Whitefish processing
• Commercial fishing

Headquarters

HQ city

Sitka

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Seafood Product Sales: Sale of frozen salmon, herring, whitefish and squid products for domestic and export markets. Products include fresh, frozen, and canned forms across salmon, whitefish, and crab categories.
2. Government Contract Sales: Supply of canned salmon to federal nutrition programs including the National School Lunch Program through USDA contracts.
3. Value-Added Processing Services: Secondary processing through Orca Bay Foods division producing high-quality, ready-to-market value-added products including battered and breaded vegetables, meat substitutes and vegan products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Silver Bay Seafoods is a fishermen-owned, vertically integrated processor and distributor of wild-caught, sustainably harvested seafood. Its core offerings include fresh, frozen, and canned wild Pacific salmon (five species), Alaska whitefish (cod, sablefish, pollock, halibut, herring, sole), California market squid, and value-added processed products through its Orca Bay Foods subsidiary. Products are sold B2B to foodservice distributors, retail grocery chains, government nutrition programs, and international export markets.

Product overview

Silver Bay Seafoods is a fishermen-owned, vertically integrated seafood company offering a portfolio of wild-caught Alaska seafood products. The core product lines include fresh/frozen Salmon (five species: king, sockeye, coho, pink, keta), Canned Salmon (six historic brands), Whitefish (Pacific Cod, Sablefish, Pollock, Halibut, Flounder, Herring, Sole), and Squid (California Market Squid). The company expanded into secondary processing through the acquisition of Orca Bay Foods, which produces value-added products including battered/breaded items and plant-based alternatives. Products are processed at facilities across Alaska (Southeast, Southcentral, Kodiak, Bristol Bay, Alaska Peninsula) and California (Wilmington, Moss Landing).

Differentiator

Problem solved

Functional benefit

Brands

• Double Q: Historic canned salmon brand producing wild Alaska salmon
• Deming's
• Black Top
• Honey Boy
• Pillar Rock
• Icy Point

Products and services

• Salmon Wild Pacific salmon products including king (chinook), sockeye (red), coho (silver), pink (humpie), and keta (chum) salmon, available as H&G, portions, fillets, and roe. Targeted at B2B foodservice distributors, retail grocery chains, and international export markets.
• Canned Salmon Canned wild Alaska salmon sold under historic brands including Double Q, Deming's, Black Top, Honey Boy, Pillar Rock, and Icy Point. Features all five species of wild Pacific salmon. Sold to B2B customers including foodservice distributors, retail grocery chains, and USDA federal nutrition programs such as the National School Lunch Program. Kosher certified.
• Whitefish Sustainably harvested Alaska whitefish including Pacific Cod, Sablefish, Alaska Pollock, Pacific Halibut, Arrowtooth Flounder, Pacific Herring, and Sole. Sold B2B to foodservice distributors and retail grocery chains.
• Squid California Market Squid (Doryteuthis (Loligo) opalescens), sustainably harvested along the California coast using seine gear from April through November. MSC certified. Sold B2B to foodservice distributors and retail grocery.
• Orca Bay Foods Value-Added Products Value-added secondary processed products from the Orca Bay Foods division in Seattle, WA, including crab, fish, battered and breaded vegetables, meat substitutes, and vegan products. Distributed across North America to foodservice and retail customers.

Quantifiable outcome

• Over 1,500 products certified sustainable
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Bristol Bay Economic Development Corporation (BBEDC)coreStrategic or Co-development Partner · 18 March 2025Silver Bay Seafoods and BBEDC jointly announced a partnership to strengthen Alaska seafood industry. Silver Bay will acquire interest in OBI Seafoods formerly owned by Icicle Seafoods and manage all OBI facilities and operations including plants in Petersburg, Seward, Larsen Bay, Egegik, Wood River, Cordova, Kodiak, and Naknek as well as Kent Warehouse in Washington. The partnership increases stability for Alaskan fishermen and communities.
• Aleutian Pribilof Island Community Development Association (APICDA)coreStrategic or Co-development Partner · 6 November 2024APICDA assumed ownership of False Pass facility (formerly owned by Trident), and Silver Bay Seafoods leases and manages operations of the facility and fuel company. This strategic partnership supports seafood processing stability in the region. APICDA is a non-profit CDQ organization dedicated to strengthening local fisheries-based economies.
• Trident SeafoodsminorStrategic or Co-development Partner · 13 March 2024Silver Bay Seafoods acquired Trident's Ketchikan processing facility dedicated entirely to processing salmon. The companies structured the transaction around ensuring seamless transition that supports fleet, employees, and Ketchikan community.
• Orca Bay FoodscoreStrategic or Co-development Partner · 3 January 2023Silver Bay Seafoods acquired 100% of value-added food processing company Orca Bay Foods. Orca Bay Foods produces wide range of value-added products with North American distribution of crab, fish, value-added seafood, battered and breaded vegetables, meat substitutes and vegan products. Founded in 1981, operates 77,000 sq ft facility in South Seattle.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Copper River Seafoods: Alaska-based wild-caught salmon processor and distributor specializing in premium Copper River and other wild Pacific salmon. Direct competitor for fresh and frozen wild salmon distribution to retail and foodservice.
• Trident Seafoods: One of the largest vertically integrated seafood companies in North America with major Alaska wild-caught processing operations, including the Ketchikan plant recently acquired by Silver Bay. Direct competitor across salmon, whitefish, and value-added seafood categories.
• Ocean Beauty Seafoods: Family-owned Alaska seafood processor with operations spanning salmon, herring, and other wild-caught species. Direct competitor for wild-caught salmon supply, processing capacity, and distribution to retail and foodservice channels.
• North Pacific Seafoods: Alaska-based seafood processor focused on wild-caught salmon, pollock, and other species with shore-based processing facilities. Direct competitor for wild-caught supply and processing services in Alaska.
• Peter Pan Seafood Company: Major Alaska-based wild-caught seafood processor with operations across salmon, whitefish, and crab. Operates processing facilities in Alaska and is a direct competitor for wild salmon supply, contract wins, and retail private-label business.

Broad incumbents

• Thai Union Group: Global seafood giant producing canned tuna, frozen and value-added seafood products under brands like Chicken of the Sea. Comparable in vertically integrated seafood processing, value-added manufacturing, and global distribution scale, though focused on different species.
• High Liner Foods: North American value-added frozen seafood manufacturer and distributor serving retail and foodservice channels. Comparable to Orca Bay Foods division in producing value-added, breaded, and prepared seafood products for major retail brands.
• Pacific Seafood Group: One of the largest vertically integrated seafood companies in North America, operating across wild-caught and farmed species with broad retail, foodservice, and consumer brand distribution. Overlaps with Silver Bay across multiple product categories but operates at much larger scale and broader scope.
• Maruha Nichiro: Japanese global seafood conglomerate with extensive Alaska operations through subsidiary companies. Major competitor in wild-caught salmon and whitefish processing and global seafood distribution.
• Clearwater Seafoods: Canadian-based vertically integrated wild-caught seafood company specializing in shellfish (lobster, clams, crab) and other wild species. Comparable vertically integrated wild-caught model with broad retail and foodservice distribution across North America.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/share/1K59igsoLb/?mibextid=wwXIfr
• Instagraminstagram.com/silverbay_seafoods
• LinkedInlinkedin.com/company/silver-bay-seafoods

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silver Bay Seafoods