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Asia drives seafood M&A

Thai Union inks ‘JV of equals’ with Middle East food giant

Thai Union and Savola Foods, the largest manufacturer of consumer goods in Middle Eastern markets, aim for $400m in sales in the next three to four years from JV

By Undercurrent News | Sept. 8, 2015 05:03 BST
Cheng Niruttinanon, executive chairman of Thai Union and Bader Aujan, CEO of Savola Foods Company exchange a handshake after the joint venture agreement at Savola Foods’ headquarters in Jeddah, Saudi Arabia. Also attended were Joerg Ayrle, group CFO and Faisal Sheikh, director of group strategy of Thai Union.
Cheng Niruttinanon, executive chairman of Thai Union, and Bader Aujan, CEO of Savola Foods, exchange a handshake after the joint venture agreement at Savola Foods’ headquarters in Jeddah, Saudi Arabia in 2015
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Thai Union Frozen Products and Savola Foods Company, the largest manufacturer of consumer goods in Middle Eastern markets, are aiming for $400 million in sales in the next three to four years from a new joint venture [...]

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