Big catch: Thai Union snaps up Bumble Bee

Thai Union agrees to buy Bumble Bee from private equity firm Lion Capital for $1.5 billion in the company's largest acquisition ever.

Thai Union Frozen Products has agreed to buy Bumble Bee Foods from private equity firm Lion Capital for $1.5 billion in a deal that is expected to boost its revenues but could face keen scrutiny from US anti-trust regulators.

Bumble Bee, which was founded in 1899 by a handful of fishermen, is one of the top three canned tuna companies in the US. The other two are Starkist, which is owned by Korea's Dongwon group, and Chicken of the Sea, a distant third player, which Thai Union Frozen already owns.

If the deal is approved, this would mean that Thai Union controls two of the three largest US canned tuna companies. As...

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