FOR IMMEDIATE RELEASE
May 31, 2016
Bristol Bay Native Corporation Announces Purchase of Katmailand, Inc.
Anchorage, AK – Bristol Bay Native Corporation (BBNC) today finalized the purchase of Katmailand, Inc. (Katmailand) and its associated assets and operations located in Anchorage and King Salmon, Alaska, as well as within Katmai National Park. The acquisition is effective immediately and includes the Brooks Lodge and Grosvenor Lodge concessions in Katmai National Park and Kulik Lodge on Nonvianuk Lake.
Jason Metrokin, president and chief executive officer of BBNC, issued the following statement:
“BBNC is excited about its acquisition of Katmailand. The lodges are incredible locations that are in the heart of Bristol Bay and are critically important to the ancestry and history of many of our shareholders. BBNC has been interested in acquiring these historic properties for many years. The lodges and operations will be significant additions to BBNC’s tourism operations and can offer additional opportunities for local and shareholder employment.”
BBNC does not plan on any immediate changes to the operations at the lodges. Sonny Petersen, the previous owner and the son of Ray Petersen who established the original Angler’s Paradise Lodges in 1950, will stay on to manage the operations.
Investing within the Bristol Bay region has been a priority for BBNC over the last several years; this acquisition will further position BBNC as a premier operator within the Bristol Bay and Alaska tourism sector. BBNC acquired Mission Lodge, located on the shores of Lake Aleknagik near the confluence with the Wood River, in 2012.
About BBNC: Bristol Bay Native Corporation is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971, BBNC works to protect the land in Bristol Bay, celebrate the legacy of its people, and enhance the lives of its shareholders.
About Katmailand, Inc.: Katmailand, Inc. was established in 1982 by Ray Petersen and his son, Raymond (Sonny) Petersen in order to acquire and operate the Brooks, Grosvenor and Kulik Lodges in Katmai National Park. The lodge operations were founded by the elder Petersen’s airline, Northern Consolidated Airlines (later Wien Air Alaska) in 1950. The airline had operated the lodges until 1982 when they were acquired by the Petersen’s Katmailand, Inc. Learn more at www.katmailand.com.