January 24, 2020 — U.S. Bankruptcy Court Judge Laurie Silverstein has approved Fong Chun Formosa (FCF) Fishery Company’s stalking-horse bid for Bumble Bee Foods, giving the Kaohsiung, Taiwan-based tuna supplier ownership and control over the iconic American brand.
In November 2019, FCF entered a stalking-horse bid for Bumble Bee, which had filed for chapter 11 bankruptcy in the U.S. state of Delaware. FCF has long been one of Bumble Bee’s top suppliers of albacore, skipjack, yellowfin, and bigeye tuna.