After pausing the sales process due to challenging market conditions, American Seafoods CEO Gustafsson said he sees the climate improving by 2025, with surimi as the main target.

The CEO of American Seafoods Group (ASG), the largest Alaska pollock processor at sea, said US pollock companies have to cut surimi production and focus on building more trade barriers against Russian competitors. Gustafsson said the decision to formally stop selling ASG comes amid a very difficult surimi situation and falling fillet prices, and given the volume, it doesn’t take long to see a strong recovery. Given the current pollock climate, Beach Point’s bid is believed to be in the region of $1 billion. Gustafsson made some general comments about believing this wil...  (More Info)