Bumble Bee CEO Chris Lischewski said Friday's news that Thai Union called off their planned $1.51 billion (€1.2 billion) deal gives the company the opportunity to refocus on its strategy.

"During the last year, Bumble Bee has conducted business as usual and now has a renewed focus to execute its vision for the company well into the future," Lischewski said in a statement to IntraFish. "Lion Capital has been a great partner and we look forward to continuing to work with them."

Lion