Bumble Bee Sold to Thai Seafood Company

摘要

Bumble Bee Seafoods, which reportedly has been on the market for months, will be acquired by Thai Union Frozen Products Public Co. for $1.5 billion. The Thai company is the world's largest producer of canned tuna and already owns the Chicken of the Sea brand. Reuters news service reported the sale, which was announced Dec. 18, saying Thai Union has plans to double revenue through overseas acquisitions, with a goal to reach sales of $8 billion by 2020. The seller was private-equity firm Lion Capital.