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Canned tuna. (Photo: Stock File)

Thai Union to acquire 45 pct of canned tuna main producer from Russia

  (THAILAND, 5/8/2018)

As part of its expansion plans in the world market, Thai Union Group PCL has reached an agreement to acquire 45 per cent of TUMD Luxembourg S.a.r.l (TUMD), the firm that owns the largest producer of canned tuna in Russia.

TUMD owns all three Russian companies of fish and seafood products focusing on retail, collectively known as the DPR group: Dalpromryba Limited Liability Company; Torgovo-Promyshlenny Kompleks "Dalpromryba" Limited Liability Company; and Maguro Limited Liability Company.

Thai Union explains that it has chosen to invest in DPR because its manufacturing and distribution platform offers significant opportunities for further growth and development.

The Russian group, which has sales of around USD 45 million, operates in the frozen and non-perishable products segments and owns the brands Maguro, Captain of Tastes and Rybar.

Thai Union plans to buy 45 per cent of TUMD shares through a combination of new and vendor shares for approximately USD 16 million. Then, through a series of options, it expects to increase its shareholding first to 51 per cent, and then gradually to 80 per cent over the next three years.

Russia has a relatively low tuna consumption, but it is increasing, and it is expected that sales of tuna and other seafood continue to grow due to the improvement of living standards and a greater general awareness of health.

In collaboration with Thai Union, DPR will seek to further strengthen its position in the market, with a plan to double sales to USD 100 million over the next five years.

The transaction is subject to the approval of the shareholders by the Federal Antimonopoly Service of Russia.

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Information of the company:
Address: 72/1 Moo 7, Sethakit 1 Road, Tambon Tarsrai
City: Amphur Muangsamutsakorn
State/ZIP: Samutsakorn (74000)
Country: Thailand
Phone: +66 2 298 0024
Fax: +66 2 298 0548
E-Mail: [email protected]
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