Connors Bros. Income Fund indirectly owns, through its subsidiaries, a 100% interest in Clover Leaf Seafoods, L.P. and Bumble Bee Foods, LLC. Together, these two operating companies comprise North America's largest branded seafood company, offering a full line of canned tuna, salmon, sardine and specialty seafood products, marketed under leading brands including Clover Leaf®, Bumble Bee®, Brunswick®, Snow's® and Beach Cliff®, as well as a full-line of canned chicken products in the U.S. under the Sweet Sue® brand names Own by Centre Partners Management LLC by October, 2008.
On Friday, Nov. 5, 2010, Lion Capital LLP (“Lion”) is pleased toannounce that an agreement has been reached whereby funds advised by Lion Capital will acquire the operating companies of Bumble Bee Foods (“Bumble Bee”), a portfolio company of Centre Partners Management LLC (“Centre Partners”).