Bolton group to take control of Tri Marine’s tuna supply business
Bellevue, WASHINGTON — Bolton Group International has formally inked a deal to take control of the core tuna business of Tri Marine, according to an internal announcement from Renato Curto, the CEO of the latter, seen by Undercurrent News.
In the announcement, dated July 5, Curto told Tri Marine staff the company has reached an agreement for the "sale and transfer of its global tuna supply business to our longtime partner and customer, Bolton Group", which owns tuna brands such as Rio Mare in Italy, Saupiquet in France and Isabel in Spain. Bolton is also being linked to the sale process of the Canadian business of Bumble Bee Foods, which includes the Clover Leaf brand.
Undercurrent first reported the prospect of Bolton, which already owns just under half of Tri Marine, buying the rest of its main supplier earlier in the year. At the time, Curto then confirmed the deal talks with Bolton.
The deal will see the creation of a new business unit which Curto will "continue to separately own and lead as CEO", according to the announcement, titled "A Bright Future for Tri Marine".
This business unit will include Cape Fisheries, Samoa Fishing Management, Tri Marine Fishing Management, Tri Marine Fish Co., Conservera de las Americas, Samoa Tuna Processors, The Tuna Store, Baja Marine Foods. Pesquera Tri Marine and Tri Marine SA, Curto told staff.