Giant buys out outright Germany’s leading canned fish business.
In a press release, Thai Union Group writes has acquired the remaining 49 per-cent of shares of Rügen Fisch.
Thai Union first acquired a majority 51 per-cent holding in Rügen Fisch in 2016. Headquartered in northeastern Germany, Rügen Fisch currently generates revenues in excess of EUR 140 million and is the country’s shelf-stable seafood leader.
It supplies ambient and chilled fish products including salmon herring, mackerel and tuna-across Germany, to leading retailers under its own key brands, namely Rügen Fisch, Hawesta, Ostsee Fisch and Lysell, and maintains a significant private label manufacturing business.
“Rügen Fisch has been a key part of Thai Union Europe and the wider Thai Union Group since our initial investment five years ago. This further acquisition demonstrates the great value that it has brought to us as well as our continued commitment to the German market,” said Thai Union Group CEO and President Thiraphong Chansiri.