TUF acquires Bumble Bee Seafoods
Friday, December 19, 2014, 21:30 (GMT + 9)
Thai Union Frozen Products Public Company Limited (TUF) has acquired Bumble Bee Seafoods, North America's largest branded shelf-stable seafood company. TUF entered into a binding agreement to obtain 100 percent of the shares of Bumble Bee Foods, LLC from Lion Capital, a pan-Atlantic private equity firm, for a total purchase price of USD 1.51 billion.
"I have always believed that Bumble Bee and Thai Union share a strong vision for innovation, operational excellence, sustainability and value for our consumers, making this combination good news for customers, consumers and the industry as a whole," said Chris Lischewski, President and CEO of Bumble Bee Seafoods. "Importantly, we commit to uphold the indispensable role as one of the world's leaders in providing responsibly harvested and processed seafood."
Bumble Bee generates annual sales of approxim... FULL STORY