SEAFOOD
TUF eyeing European companies to meet goal
- Published: 23/02/2012 at 03:03 AM
- Newspaper section: Business
The SET-listed Thai Union Frozen Products Plc (TUF) is considering mergers and acquisitions in Europe and a major production expansion in Thailand to meet its revenue target.
The world's largest canned tuna producer has planned to increase its revenue by 18-20% each year to US$5 billion by 2015.
President Thiraphong Chansiri said the European debt crisis has brought about good M&A opportunities in the continent and TUF has considered potential deals worth about $100 million.
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About the author
- Writer: Nareerat Wiriyapong
- Position: Business Reporter
