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Bumble Bee Foods Successfully Completes Asset Sale

January 31, 2020 GMT

SAN DIEGO--(BUSINESS WIRE)--Jan 31, 2020--

Bumble Bee Foods, one of North America’s largest branded shelf-stable seafood companies, announced today that it has successfully completed a sale of its assets to an affiliate of long-time partner, FCF CO., LTD. (FCF), a worldwide producer and distributor of seafood products. FCF acquired the company’s North American assets for $928 million in the transaction, which closed today.

“This day marks an exciting new chapter for Bumble Bee, our loyal customers, trusted partners and our valued employees,” said Jan Tharp, President and Chief Executive Officer for Bumble Bee Foods. “We have taken several positive steps this past year to transform the company with a focus on innovation and growth. This sale enables us to continue down that exciting and promising path.”

Tharp credited the passion, commitment and loyalty of the company’s global employee population with carrying the company through recent challenging times, while also putting the iconic brand in a position to make bold moves moving forward to create a new generation of seafood lovers.

ABOUT BUMBLE BEE FOODS
Bumble Bee is on a mission to create a new generation of seafood lovers by delivering delicious, healthy and sustainable seafood options in innovative ways. As an industry leader in sustainability, Bumble Bee works to protect the health of our oceans, marine life and the fishing community through multiple efforts, including the development of dolphin-safe fishing practices, partnerships with organizations like World Wildlife Fund, the Marine Stewardship Council, the Global Ghost Gear Initiative, and as a founder of the International Seafood Sustainability Foundation (ISSF), a global partnership of scientists, tuna processors.

Bumble Bee’s full line of seafood and specialty protein products are marketed in the U.S., Canada and over 50 markets globally under leading brands including Bumble Bee ®, Brunswick ®, Clover Leaf ®, Snow’s ®, Wild Selections ®  and Beach Cliff ®. For more information visit  www.BumbleBee.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200131005495/en/

CONTACT: Media Contact:

Lindsey Brown

FleishmanHillard

lindsey.brown@fleishman.com

858-203-1135

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR OTHER RETAIL SUPERMARKET SPECIALTY FOOD/BEVERAGE

SOURCE: Bumble Bee Foods

Copyright Business Wire 2020.

PUB: 01/31/2020 01:10 PM/DISC: 01/31/2020 01:11 PM

http://www.businesswire.com/news/home/20200131005495/en