Bodal will step down from his role as chairman of American Seafoods’ Board of Directors as part of his exit, but, as an equity holder in the firm, he will remain a member of the board once his retirement goes into effect. To learn more, view our privacy policy. In addition to the $740 million in new current debt, the … American Seafoods Group (ASG) is fighting a coronavirus outbreak on its American Dynasty factory trawler (pictured above), with 86 crew testing positive for COVID-19 so far. By continuing, you consent to the use of these cookies. We provide a readable daily snapshot of the global seafood industry. The Bristol Bay Native Corporation is looking to team up with partners on the acquisition of American Seafoods due to the latter's high value, sources told Undercurrent News SeafoodNews.com is the most widely read seafood industry news in North America, with subscribers in over 50 countries. After more than 25 years of service, American Seafoods’ Bernt Bodal is retiring, the company announced on 31 May. The main shareholder of American Seafoods Group (ASG), private equity Bregal Partners, has broken off deal talks with a group of rivals from the industry, Undercurrent News understands. The company is a majr quota holder for offshore pollock, as well as Pacific whiting and Pacific cod, and produces fillet, surimi, roe and block product sold worldwide. American Seafoods, which operates a fleet of six vessels, is a major player in harvests off Washington and Alaska with the ability to process catches on board into frozen products. Published in partnership with Urner Barry, the leading provider of seafood price, foreign trade and import data, we focus on the business side of the industry, plus everything that affects it. American Seafoods uses cookies to help give you the best experience on our site. American Seafoods has reported that 85 crew members on the American Triumph, shown here moored in Bellingham, Wash., with the Northern Jaeger, have tested positive for COVID-19 in Unalaska. American Seafoods is a leader in the harvesting, processing, preparation and supply of quality wild-caught seafood, with operations concentrated in Alaskan waters. American Seafoods has come up with a plan that involves at least a five-day quarantine as well as testing crew for the infection and the presence of antibodies, according to a company spokesperson. American Seafoods Group, the big Seattle operator of factory trawlers, is putting together a package of deals to keep estimated debts of more than … American Seafoods had more than $400 million in revenue last year and employs about 1,000, Bodal said.
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