Sealaska looks to diversify revenue stream

As Sealaska Corp. reduces its timber program, the company says it is exploring new revenue streams, including a possible acquisition of a natural foods business.

The Ketchikan Daily News reports that Sealaska Natural Resources Manager Brian Kleinhenz told the Daily News on Wednesday during Southeast Conference that the Alaska Native corporation is switching to a permanently sustainable timber harvesting program, which will mean a reduction in harvests.

Kleinhenz says the change will maintain the 200 direct and indirect jobs related to the timber harvests. The company plans to harvest from 40 million to 45 million board feet each year.

He says the company hopes to break into either the natural foods or seafood market before this time next year.