{"id":317038,"date":"2020-02-06T06:00:58","date_gmt":"2020-02-05T20:00:58","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=317038"},"modified":"2020-02-06T06:00:58","modified_gmt":"2020-02-05T20:00:58","slug":"taiwan-based-company-acquires-bumble-bee-foods","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/taiwan-based-company-acquires-bumble-bee-foods\/","title":{"rendered":"Taiwan-based company acquires Bumble Bee Foods"},"content":{"rendered":"<p><strong>KAOHSIUNG, Taiwan<\/strong>\u2014FCF Co. Ltd., one of the world\u2019s largest integrated marine industry supply-chain service providers, announced Friday that it has acquired Bumble Bee Foods, a 120-year old marketer of seafood and specialty protein products sold in the U.S., Canada, and throughout the world. There are no anticipated changes to the current Bumble Bee headquarters in San Diego, California.<\/p>\n<p>\u201cWe are confident that Bumble Bee, under the thoughtful leadership of its president and CEO, Jan Tharp, will continue to build on its storied history of delivering innovative, high quality, and sustainable seafood products to customers,\u201d said FCF president Max Chou. \u201cThe company is poised for future growth and profitably, and we anticipate strong collaboration and interaction between FCF and Bumble Bee for the long-term.\u201d<\/p>\n<p>According to Chou, the partnership is a natural one, as the two companies have enjoyed a productive supplier-purchaser relationship for more than 30 years and share a commitment to sustainability and global fisheries conservation.\u00a0<\/p>\n<p>Specifically, to achieve the most up- to-date and internationally recognized Marine Stewardship Council standards, the companies have been working together on\u00a0Fisheries Improvement Projects\u00a0for tuna longline fisheries in the Pacific and Indian Oceans. Both FCF and Bumble Bee will continue their active participation in the\u00a0Seafood Task Force, and remain committed to implementing a new \u201cFCF Social Responsibility Program\u201d at various locations, including Taiwan, Mauritius, and Fiji.\u00a0<\/p>\n<p>\u201cThis is just the beginning of the journey,\u201d Chou said. \u201cFCF\u2019s acquisition of Bumble Bee strengthens our best-in-class sustainability and social responsibility efforts, and puts us in an advantageous position for sustained growth and leadership throughout the tuna and seafood industries.\u201d<\/p>\n<p>FCF wishes to thank Moelis &amp; Company LLC, serving as exclusive financial adviser and investment banker to FCF in the transaction, as well as The Giannuzzi Group, LLP, serving as U.S. M&amp;A counsel; Rosen &amp; Associates, P.C., serving as U.S. bankruptcy counsel; Davies Ward Phillips &amp; Vineberg LLP, serving as Canadian counsel;\u00a0Baker and Miller, PLLC, serving as antitrust counsel; and, Parks &amp; Solar, LLP, serving as industry counsel. <strong>(PR)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KAOHSIUNG, Taiwan\u2014FCF Co. Ltd., one of the world\u2019s largest integrated marine industry supply-chain service providers,&#8230;<\/p>\n","protected":false},"author":28,"featured_media":313411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[513],"class_list":["post-317038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-taiwan"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/317038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=317038"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/317038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/313411"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=317038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=317038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=317038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}