Bumble Bee's Canadian Business Explores Sale
Clover Leaf Seafoods Co., a private equity-backed maker of canned seafoods, is weighing a sale, said people familiar with the matter.
The Canadian business of Lion Capital-backed Bumble Bee Foods LLC retained investment bank Houlihan Lokey Inc. to run a sales process, the people said.
Clover Leaf generates roughly $30 million in annual earnings before interest, taxes, depreciation and amortization, they added. A Clover Leaf representative didn't immediately respond to a request for comment.
Founded in 1871, Markham, Ont.-based Clover Leaf is a maker of canned products...
To Read Full Story Login Below.