Thai Union Group said on Tuesday that it would buy a majority stake in Canadian lobster processor Les Pecheries de Chez Nous for an undisclosed amount.
Thai Union, the world's largest canned tuna producer, said the details of the deal would be made public in August.
“[The partnership] is an exciting next step for Les Pecheries de Chez Nous,” said Francois “Frankie” Benoit, the processors former owner, who will retain a minority share of the company. “We have recently expanded our facilities and look forward to further growing the business with the opportunities that Thai Union’s global network will provide.”
Chez Nous, based in New Brunswick, Canada, has relationships with fishermen in both Canada and Maine, a processing facility strategically located on the Gulf of St. Lawrence and is investing in a live lobster holding facility.
By acquiring Chez Nous, Thai Union continues to build up its presence in the North Atlantic lobster category.
For more details, see the story in Seafood Source.