Seafood Company Purchases Foreclosed Bottling Plant

Silver Bay Seafoods has purchased the True Alaska Bottling plant for $1.1 million at a public foreclosure auction.

SITKA, Alaska (AP) — A seafood company has purchased a Sitka water bottling plant at a public foreclosure auction.

The Daily Sitka Sentinel reports Silver Bay Seafoods on Monday spent $1.1 million for the True Alaska Bottling plant.

The company receives a 73,000-square foot building and its three-acre lot at the Sawmill Cove Industrial Park.

Silver Bay already is an anchor tenant at the former pulp mill site

The seafood company outbid one of bottling plant's creditors, Roger Sudnikovich. He was owed $985,000 for principle and interest on a 2005 loan he made to the Oregon-based water company.

Silver Bay chief executive officer Rich Riggs says his company wants to expand its seafood business and add value to its products.

Riggs says Silver Bay will consider bottling water at the plant.


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