Afognak

“From the moment we first learned of the investigation, we cooperated fully and completely with DOJ,” parent company Afognak Native Corp. said, adding that they were unaware of mismanagement until 2017.

Afognak Native Corp. was created in 1977 with the merger of two village corporations from the Kodiak region.

Afognak and its subsidiaries employ more than 4,000 people.

The deal includes the chain’s 21 stores in the Anchorage area, Wasilla and Fairbanks, plus a warehouse, Afognak said in a statement.

“Afognak met those criteria extremely well.”