Bumble Bee to Merge With Canadian Firm
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Connors Bros. Income Fund, the world’s largest producer of canned sardines, is merging with San Diego-based tuna processor Bumble Bee Holdings in a $385-million deal.
Connors, based in Canada, would own a majority of the combined company to create “a diversified North American seafood powerhouse.” Bumble Bee President and Chief Executive Christopher Lischewski will be CEO of the new firm.
Bumble Bee produces canned tuna, salmon and specialty seafood, with processing plants in California and Puerto Rico.
From Associated Press
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