Since Sealaska adopted its strategic plan in late 2012, the combination of restructuring, organic growth and planned investments is expected to add approximately $17 million to annual net operating profit. The capital invested to achieve these financial improvements is nearly the same as proceeds from the sale of poorly performing businesses over the last three years. As a result, Sealaska is now a flat, simplified corporation with profitable businesses that have an increasing focus on maximizing the value of resources from the ocean. Sealaska is also committed to protecting the ocean’s capacity to produce its resources. “As an organization whose ownership has sustainably harvested from the ocean for over 10,000 years, we are proud to be engaging in activities that so clearly reflect our heritage,” said Anthony Mallott, Sealaska president and CEO.

“Sealaska’s vision of how to build a successful seafood business matches my own experience,” said Jeff Buske, the CEO of IPC. “I am impressed with Sealaska’s leadership and its commitment to making decisions based on its traditional values.”

About IPC

IPC is a custom seafood processor based in Seattle, Washington. IPC has 180 employees and adds value to 50 million pounds of seafood per year.

About Sealaska

Sealaska is an Alaska Native corporation that is owned by 22,000 Alaska Native shareholders and is headquartered in Juneau, Alaska.