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TUF acquires Bumble Bee Seafoods

UNITED STATES
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

Brazil
Mato Grosso leads the Brazilian aquaculture production
Dec 19, 02:10
The state of Mato Grosso last year produced 75,000 tonnes of aquaculture products, equivalent to 19.3 per cent... FULL STORY
Netherlands
ASC to develop one core fish farm standard
Dec 19, 01:20
Aquaculture Stewardship Council (ASC) will start a project to harmonise the structure and content of its ... FULL STORY
Spain
EUR 800,000 granted to fleet operating in Mauritania
Dec 18, 23:50
The Ministry of Agriculture, Food and Environment (Magrama) will grant an aid to shipowners of Spani... FULL STORY
Norway
Healthier salmon through exercise and better sorting
Dec 18, 23:30
Scientists are keen to sort farmed salmon and provide them with exercise right from the early stages of their ... FULL STORY

United States
Arctic warming poses new challenges to fishing
Dec 19, 04:00
Artic warming is deeply affecting the top of the planet and beyond, and as temperatures move higher, weather disruptions, disappearing snow, and lands... FULL STORY

Argentina
Extended catch for whitemouth croaker in area shared with Uruguay
Dec 19, 03:40
The Joint Technical Commission for the Maritime Front (CTMFM) and the Administrative Commission of the River Plate validated the use of the whitemouth... FULL STORY

Canada
Cooke’s expansion plans delayed in Nova Scotia
Dec 19, 03:00
Cooke Aquaculture sees it very difficult to complete next year's planned expansion in Nova Scotia, which was announced in mid-2012 by the company base... FULL STORY
MORE NEWS
Australia
Dec 19, 02:40 (GMT + 9):
IN BRIEF - One of world's most invasive fish detected in New South Wales for first time
United States
Dec 19, 02:40 (GMT + 9):
IN BRIEF - Shrimp season to close in some parts of the state
Viet Nam
Dec 19, 02:40 (GMT + 9):
IN BRIEF - Seafood exports in 2014 may reach nearly USD 8 billion
United Kingdom
Dec 19, 02:40 (GMT + 9):
IN BRIEF - Iglo Group to roll out MSC logo on all wild fish lines
France
Dec 19, 01:50 (GMT + 9):
IN BRIEF - Corporate governance changes at SAPMER
Viet Nam
Dec 19, 01:50 (GMT + 9):
IN BRIEF - South Korea FTA signed: seafood enjoys benefits
Philippines
Dec 19, 01:50 (GMT + 9):
IN BRIEF - PH shrimp trade good, but laggard in Asia
United Kingdom
Dec 18, 23:00 (GMT + 9):
EU deal will mean an additional GBP 10 million for Scottish fleet
Peru
Dec 18, 22:30 (GMT + 9):
Shrimp fishing under ban
Norway
Dec 18, 21:40 (GMT + 9):
Salmon price status at week 51
United States
Dec 18, 04:00 (GMT + 9):
Lower lobster capture would mean returning to 'typical years'
Iceland
Dec 18, 03:50 (GMT + 9):
IN BRIEF - Fish catches in November 2014
 

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United States In a letter sent on Friday to the Chair of the House Committee on Natural Resources, Attorney General of Massachusetts stated her strong support of the reauthorization of the Magnuson-Stevens Act.
 
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