Thai Union Frozen Products (TUF) on Thursday announced it acquired Bumble Bee Seafoods, North America's largest branded shelf-stable seafood company, in a deal worth $1.51 billion (€1.2 billion).
TUF entered into a binding agreement to obtain 100 percent of the shares of Bumble Bee Foods from London-based private equity group Lion Capital.
Once the transaction is finalized, TUF and Bumble Bee will focus on enhancing operating efficiencies for raw material sourcing and production, innovation, and new product development, primarily in North American markets.
The
