Thai Union Frozen Products Public Co., Ltd. (TUF:The Stock Exchange Of Thailand) engages in the manufacture and export of frozen and canned seafood. The company through its local subsidiary companies engages in the packaging and printing and pet food businesses. Through its overseas subsidiaries the company engages in the manufacture and distribution of canned seafood, and the import of shrimp and other frozen seafood products for sale to restaurant chains, retailers, wholesalers and food processors which are principally located in the United States.
The Company's major Export Products include Frozen Tuna Loin; Frozen Cephalopod; Canned Seafood; Frozen Shrimp; Canned Tuna; and Canned Petfood.
The Company's major Domestic Products include Fisho Family; Sealect Family; and TRIOLight. The company’s Fisho Family products include Fisho, Fisho Ultraman, Fisho Twist, Fisho Twist Crispy, Fisho Spice, and Fisho Tepan.
The company’s Sealect Family includes Classic Tuna, Thai-style flavored tuna, Tuna Salad in Mayonnaise, and Mackerel in Tomato Sauce. Markets
The Company's major markets include Europe, USA, Canada, Japan, Australia and Middle East.
1997: Completes first overseas investment with the acquisition of Chicken of the Sea, USA's third canned tuna brand.
2003: Acquired Empress International Ltd, a frozen seafood importer and distributor in the US.
2006: Established Chicken of the Sea Frozen Foods to market frozen seafood in the US. Chicken of the Sea Frozen Foods later merged with Empress International and was renamed Tri-Union Frozen Products, Inc.
2006: Acquired majority stake in PT Jui Fa International Food, a canned tuna producer and exporter based in Indonesia.
2008: Acquired majority stake in Yueh Chyang Canned Food, a canned seafood producer and exporter based in Vietnam.
2009: Invested in Avanti Feeds Limited, a shrimp feed and frozen shrimp producer based in India.
2010: Founded US Pet Nutrition LLC to produce and market pet food in the US.
2014: Further expansion into Europe with the acquisition of MerAlliance, Europe's fourth smoked salmon producer and number one producer in France.
2014: Acquired King Oscar AS of Norway, a shelf-stable sardine brand in Norway, USA, and Australia and with over 140 years of heritage.
2016: Acquired German seafood company Rügen Fisch AG.
2016: Makes a US$575 million investment in Red Lobster, the world's largest seafood restaurant company.
The Company’s subsidiaries include Thai Union Manufacturing Co., Ltd.; Songkla Canning PCL.; Thai Union Seafood Co., Ltd.; Asian-Pacific Can Co., Ltd.; Thai Union Graphic Co., Ltd.; Thai Union International, Inc.; Tri-Union Seafoods, LLC.; IFC Inter-Food Co., Ltd.; T-Holding Co., Ltd.; Thai Union Numhong Co., Ltd.; Thai Union Feedmill Co., Ltd.; and Lucky Union Foods Co., Ltd.
Thai Union's brand portfolio includes:
Bellotta (business in Thailand)
Chicken of the Sea (business in the US)
Fisho (business in Thailand)
John West (business in the Netherlands and the UK)
King Oscar (business in Norway)
Mareblu (business in Italy)
Marvo (business in Thailand)
Parmentier (business in France)
Petit Navire [fr] (business in France)
Rügen Fisch [de] (business in Germany)
Sealect (business in Thailand)
In 2017, Thai Union had revenues of 140 billion baht, with a net profit of six billion baht. Total assets amounted to 146.3 billion baht. Total shareholder equity was 48.2 billion baht.
Thai Union's target is to achieve US$8 billion in revenue by 2020. The revenue contribution of its different businesses as of 2017 are:
Ambient seafood business, 45 percent
Frozen and chilled seafood and related business, 42 percent
Ongoing with the renewal of the green fleet Norway
Norway is one of the European countries that has been electrified the most so far. Not only is its car fleet dominated by electric vehicles, which account for 60% of the market share. Also its waters....