Bumble Bee Seafood accelerates sustainability efforts with US$40m commitment

USA – North American seafood producer, The Bumble Bee Seafood Company, has made a commitment to invest US$40 million over the next five years toward efforts that will further restore and protect the health of the world’s oceans. The company has created a dedicated Accelerator Fund focused on further closing the gap on some of the biggest industry challenges in the sustainability space. Through the initiative, Bumble Bee said that it will contribute towards ensuring the abundance of tuna stocks, reducing the impact of fishing on other species and working…

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Bumble Bee Foods forms joint distribution venture with Gathered Foods

USA – North American branded seafood company, Bumble Bee Foods has formed a joint venture partnership with Gathered Foods Corporation, makers of Good Catch plant-based seafood products. Under the partnership, Bumble Bee will leverage its sales, distribution and logistics expertise to distribute Good Catch’s range of plants-based seafood offering. “This partnership is a win for Bumble Bee, Good Catch, consumers and the health of our oceans,” said Jan Tharp, President and Chief Executive Officer for Bumble Bee Foods. “It is critically important that as an industry we continue to find…

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Taiwan based tuna supplier FCF acquires Bumble Bee Foods for US$928m

TAIWAN – FCF Company, one of the world’s largest integrated marine industry supply-chain service providers based in Taiwan has acquired seafood and specialty protein company Bumble Bee Foods for US$928 million. In November last year, Bumble Bee Foods filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with FCF as part of the seafood processor’s strategy to reduce its debt burden caused by recent and significant legal challenges. FCT said that as the new owner of the Bumble Bees assets, it does not intend to no…

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Bumble Bee Foods agrees to sell its assets for US$925m after filing for bankruptcy

USA – Bumble Bee Foods, one of North America’s largest seafood producer, has filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with Taiwan-based FCF Fishery to acquire the company’s assets for approximately US$925 million. According to a press release from the company, the 120-year-old tuna maker said the sale will enable the company to reduce its debt burden caused by recent and significant legal challenges. “It’s been a challenging time for our company, but today’s actions allow us to move forward with minimal disruption to…

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