BANGKOK, July 5 (Reuters) - Thai Union Group Plc TU.BK ,
the world's largest canned tuna producer, said on Tuesday it
would buy a majority stake in Canadian lobster processor Les
Pecheries de Chez Nous (Chez Nous) for an undisclosed amount.
Thai Union, which makes the "Chicken of the Sea" brand and
counts Wal-Mart (NYSE:WMT) and Costco (NASDAQ:COST) among its buyers, will give financial
details about the deal in August, it said in a statement.
Francois "Frankie" Benoit, the existing owner and chief
executive of Chez Nous, will retain a minority share in the
company which had sales of about C$50 million in 2015, the Thai
firm said.
The deal comes after Thai Union's Tri-Union Frozen Products
unit acquired Orion Seafood International in 2015, making it one
of the largest sellers of North Atlantic lobster in the United
States.
Thai Union has been looking for more acquisitions after it
scrapped a $1.5 billion deal to buy U.S. rival Bumble Bee
Seafoods in December.