Lion Capital completes Bumble Bee purchase
December 16, 2010
by Eric Schroeder
SAN DIEGO — Lion Capital L.L.P. has completed the acquisition of all assets and operations of Bumble Bee Foods from Centre Partners Management L.L.C. The acquisition, valued at $980 million, was made in partnership with members of Bumble Bee’s senior management team.
Bumble Bee makes shelf-stable tuna, salmon, sardines, clams and other specialty seafood products under the Bumble Bee, Clover Leaf, Brunswick, Snow’s, Beach Cliff, King Oscar and Sweet Sue brands.
Chris Lischewski, president and chief executive officer of Bumble Bee, said Bumble Bee will continue to pursue the expansion of its strong position in the North American and global seafood markets, primarily through capitalizing on its low-cost operations, procurement strength, and well-recognized household brand names.
“We’ve had a great history with Centre Partners and are grateful for the growth we’ve realized through their investment and partnership over the past several years,” Mr. Lischewski said. “This new chapter is an exciting one for us, and we’re pleased to formalize a new partnership with Lion Capital to further grow our business here in the United States and internationally.”
Bumble Bee has 1,700 employees across eight facilities in the United States, Canada and Puerto Rico.