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Bumble Bee Foods closes $928 million sale of assets to FCF affiliate
By Caroline Salls
Pittsburgh, Jan. 31 – Bumble Bee Foods has successfully completed a sale of its assets to an affiliate of long-time partner FCF Co. Ltd.
As previously reported, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on Jan. 27 as part of Bumble Bee Parent, Inc.’s Chapter 11 cases.
Bumble Bee said the $928 million asset sale closed on Friday.
“We have taken several positive steps this past year to transform the company with a focus on innovation and growth,” president and chief executive officer Jan Tharp said in the release.
“This sale enables us to continue down that exciting and promising path.”
Bumble Bee is a San Diego-based shelf-stable seafood supplier. The company filed bankruptcy on Nov. 21 under Chapter 11 case number 19-12502.
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