Thai Union completes deal for Rügen Fisch
Thai Union Group (TU) has completed the acquisition of a 51 per cent stake in Rugen Fisch, Germany’s shelf-stable seafood leader.
TU said in a statement that the transaction was approved by the competition authorities in Germany and the EU.
It added that after the acquisition, Rugen Fisch’s headquarters will remain in Germany.
“Today we achieved another important milestone for Thai Union. We are ready to delight and win consumers with our premium, nutritious and sustainable seafood products in the German market,” said Thiraphong Chansiri, president and chief executive officer, Thai Union Group.
The German company supplies ambient and chilled fish products, including herring, mackerel and salmon, across Germany to all leading retailers under its own key brands, namely Rügen Fisch, Hawesta, Ostsee Fisch and Lysell, along with a significant private label manufacturing business.
It employs over 850 employees at four processing facilities in Germany and Lithuania.
“I am delighted about the completion of this acquisition,” said Andrew Bergmann, chief executive officer of Rugen Fisch. “The integration will enable us to pursue our growth strategy and strengthen our foundation across Germany by increasing our ability to deliver superior value to our customers, consumers, employees and relevant stakeholders.”
Bergmann will retain his title after the shareholding change.
