Today, Thai Union Group (Thai Union), the world's seafood leader, has announced that it has acquired the remaining 49 percent of shares of Ruegen Fisch AG (Ruegen Fisch).
Thai Union first acquired a majority, 51 percent holding in Ruegen Fisch in 2016. Headquartered in north-eastern Germany, Ruegen Fisch currently generates revenues in excess of EUR140 million and is the country's shelf-stable seafood leader. It supplies ambient and chilled fish products?including herring, mackerel, salmon and tuna?across Germany to leading retailers under its own key brands, namely Ruegen Fisch, Hawesta, Ostsee Fisch and Lysell, and maintains a significant private label manufacturing business. The Company employs more than 680 staff working across sites in Germany and Lithuania.
"Ruegen 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 Thiraphong Chansiri, President and CEO of Thai Union Group.
Jens Vogler, CEO of Ruegen Fisch AG, added, "Since joining Thai Union, Ruegen Fisch has been able to reap the benefits of being part of a truly global Group. We are now looking forward to even further integrating with Thai Union and embarking upon the next stage of this exciting journey."