FCF Completes $928M Buy of Bumble Bee Foods

Bumble Bee is now officially part of Taiwan-based seafood provider FCF Co.

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KAOHSIUNG, TAIWAN — FCF CO., LTD., one of the world’s largest integrated marine industry supply-chain service providers, announced Jan. 31 that it has completed its previously announced acquisition of Bumble Bee Foods, a 120-year-old marketer of seafood and specialty protein products sold in the US, Canada, and throughout the world. There are no anticipated changes to the current Bumble Bee headquarters located in San Diego, CA.

“We are confident that Bumble Bee, under the thoughtful leadership of its president and CEO, Jan Tharp, will continue to build on its storied history of delivering innovative, high quality, and sustainable seafood products to customers,” said FCF president Max Chou. “The company is poised for future growth and profitably, and we anticipate strong collaboration and interaction between FCF and Bumble Bee for the long-term.”

"This day marks an exciting new chapter for Bumble Bee, our loyal customers, trusted partners and our valued employees," said Jan Tharp, president and CEO 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."

According to Chou, the partnership is a natural one, as the two companies have enjoyed a productive supplier-purchaser relationship for more than 30 years and share a commitment to sustainability and global fisheries conservation.

Specifically, to achieve the most up- to-date and internationally recognized Marine Stewardship Council (MSC) standards, the companies have been working together on Fisheries Improvement Projects ( FIPs) for tuna longline fisheries in the Pacific and Indian Oceans. Both FCF and Bumble Bee will continue their active participation in the Seafood Task Force (STF), and remain committed to implementing a new “FCF Social Responsibility Program” at various locations, including Taiwan, Mauritius and Fiji.

“This is just the beginning of the journey,” Chou said. “FCF’s acquisition of Bumble Bee strengthens our best-in-class sustainability and social responsibility efforts, and puts us in an advantageous position for sustained growth and leadership throughout the tuna and seafood industries.”

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