- Business
- Thai Union Group Public Company Limited (TU.BK) is a leading global seafood company that processes, manufactures and sells a diverse range of seafood products including canned tuna under brands such as Chicken of the Sea, John West, Petit Navire, Sealect and Genova; shelf-stable sardines, mackerel, herring and salmon via King Oscar, Parmentier, Rügen Fisch and Hawesta; frozen and chilled shrimp, lobster, crab and fish sold to restaurants, hotels and retailers; value-added ready-to-cook and ready-to-serve items; marine ingredients like tuna oil for infant formula, cosmetics and supplements; and petcare products encompassing wet pet food, treats and surimi-based snacks through brands like Bellotta, Marvo and i-Tail Corporation offerings.[ fetched] Thai Union operates production facilities across Thailand, the United States, Europe (including France, Germany, Poland, Portugal, Norway, Scotland and Seychelles), Vietnam, Papua New Guinea, Ghana and Russia, with sales reaching retail, foodservice, private label and wholesale channels worldwide, particularly in North America, Europe and Asia-Pacific.[ fetched] Founded in 1977 and headquartered in Samut Sakhon Province, Thailand, the company listed on the Stock Exchange of Thailand in 1994 and maintains subsidiaries like Thai Union Europe, Thai Union North America and Songkla Canning PCL.[ fetched] In recent developments, Mitsubishi Corporation agreed in August 2025 to acquire an additional 13.81% stake via tender offer, elevating its ownership from 6.19% to 20% and establishing a deepened business alliance focused on synergies in seafood procurement, processing, sales, tuna, pet food and frozen products like salmon and shrimp. Earlier in 2023, Thai Union increased its stake in i-Tail Corporation PCL to 78.82%, bolstered investments in alternative proteins via Algama and Mara Renewables, and pursued an exit from its Red Lobster minority investment with a related impairment charge; it also listed Thai Union Feedmill PCL in 2021 after retaining majority control.[ fetched]