14 Jun 2002

New owner of Starkist revealed

3:35 pm on 14 June 2002

The owner of company StarKist Samoa has sold its tuna canning operations

H.J. Heinz, which owns StarKist Samoa, has sold part of its business to Del Monte which is a large US-based food company.

The deal is valued at more than 1-point-7 billion US dollars and will create a new Del Monte company with a majority stake held by Heinz shareholders.

Starkist Samoa Manager, Phil Thirkel, says the cannery will continue as a division of StaiKist Seafoods with the only difference being that it will report to Delmonte Foods.

Mr Thirkel says the 100 jobs to be eliminated are administration positions in Canada and the US.