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12 Feb 2024

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Trilantic Europe bolsters team and announces successful fund close

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

29 Jan 2024

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Trilantic Europe acquires stake in AEROCOMPACT Group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

9 Nov 2023

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Kantar Public rebrands globally to become Verian

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

24 Jul 2023

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Trilantic Europe announces the sale of Dietopack to DENTRESSANGLE Capital

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

6 Jul 2023

toggle

PPMI joins Kantar Public

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

30 May 2023

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Trilantic Europe today announces that Javier Olascoaga has been appointed Managing Partner

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

17 May 2023

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Deutsche Bahn confirms Talgo the largest single order of its history

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

10 May 2023

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Talgo chosen ‘Company of the Year 2023’ by the Spanish Chambers of Commerce

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

4 Jan 2023

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Trilantic Europe and PRETTL Produktions Holding announce agreement to sell PRETTL SWH Group to FIT Hon Teng Limited

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

21 Sep 2022

toggle

YMU expands into gaming and sports marketing as digital sports MGMT joins the group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

1 Aug 2022

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Marex to acquire ED&F Man Capital Markets

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

25 Jul 2022

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Trilantic Europe invests in Passione Unghie to accelerate the company’s growth strategy

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

10 May 2022

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Kantar announces agreement for sale of Kantar Public business to Trilantic Europe

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

26 Apr 2022

toggle

Trilantic Europe-backed Alete Bikes acquires Cicli Esperia

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

20 Apr 2022

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Commodity broker Marex reported record 2021 results in volatile markets

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

7 Feb 2022

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Trilantic Europe’s International Cable wins Euskaltel litigation

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

3 Feb 2022

toggle

Talgo is finalising the development of its hydrogen train Talgo Vittal-One

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

1 Dec 2021

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Trilantic Europe invests in Grupo Gransolar

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

22 Nov 2021

toggle

Trilantic Europe invests in Denver Bikes

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

26 Jul 2021

toggle

Trilantic Europe invests in Smile Eyes Group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

19 Jul 2021

toggle

Repsol and Talgo to jointly develop a renewable hydrogen-powered train

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

23 Jun 2020

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Trilantic Europe supports add-on acquisitions to bolster its healthcare portfolio in Italy and Germany

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

9 Apr 2020

toggle

Trilantic Europe portfolio companies are actively providing resources and know-how as well as making in-kind philanthropic contributions to support health authorities in their fight against COVID-19

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

23 Oct 2019

toggle

Trilantic Europe fully exits its successful investment in Gamenet

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

4 Sep 2019

toggle

Trilantic Europe supports two bolt-on acquisitions for Oberberg

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

30 Jul 2019

toggle

Trilantic Europe partially monetises its investment in Gamenet

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

21 Nov 2018

toggle

Talgo awarded 2018 Internationalization Award

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

28 Sep 2018

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YM&U joins forces with Trilantic Europe following rebrand

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

24 Jul 2018

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Gamenet Group signed the agreement for the acquisition of 100% of GoldBet

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

15 Dec 2017

toggle

Trilantic Europe invests in the Oberberg Group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

6 Dec 2017

toggle

Gamenet Group completed the listing on Borsa Italiana

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

4 Dec 2017

toggle

Elisabetta Franchi purchases 25% of Betty Blue S.p.A. from Trilantic Europe

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

2 Nov 2017

toggle

Talgo shortlisted for HS2 rolling stock procurement

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

1 Jun 2017

toggle

Trilantic Europe invests in leading bioethanol business in Spain and France

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

7 Apr 2017

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Trilantic Europe becomes a shareholder in Pacha Group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

28 Nov 2016

toggle

Talgo wins the most important high-speed tender in Europe with its new Avril, the most advanced high-speed train

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

24 Feb 2016

toggle

Trilantic Europe Invests In Maugeri, Leading Italian Non-Acute Private Hospital Operator

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

13 Oct 2015

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Trilantic Europe completes acquisition of 90% stake in leading Italian pharmaceuticals producer Doppel Farmaceutici

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

1 Jul 2015

toggle

IPO of Trilantic Europe IV’s portfolio companies, Talgo and Euskaltel

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

26 Mar 2015

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Prettl and Trilantic Europe announce a partnership agreement

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

14 Jan 2015

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Trilantic Capital Partners has realised its investment in Clarion Events

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

17 Oct 2013

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Trilantic acquires stake in Elisabetta Franchi

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

16 Sep 2013

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Gamenet successfully issues €200mn in its debut bond offering

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

26 Jun 2013

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Spain's Talgo Awarded €482 million Contract In Kazakhstan

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

20 Nov 2012

toggle

Trilantic Europe exits Istanbul Doors Group, owner of the leading restaurants in Istanbul and Tom Aiken’s restaurants in London

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

14 May 2012

toggle

Marex Spectron to acquire Schneider Trading Associates Pro-Trader Division

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

12 Dec 2011

toggle

Talgo manufacturing facility opens in Kazakhstan

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

26 Oct 2011

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Talgo awarded the High-Speed Mecca-Medina mega-contract

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

12 Apr 2011

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Michel Léonard joins Trilantic Capital Partners as operating partner

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

24 Mar 2011

toggle

The Istanbul Doors Restaurant Group Acquires the Restaurant Business of Michelin-Starred Chef Tom Aikens

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

22 Mar 2011

toggle

Marex Group Reaches Agreement to Acquire Spectron Group

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

14 Feb 2011

toggle

Appointment of John Danilovich to Trilantic European Advisory Council

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

17 Jan 2011

toggle

Refresco Group Announces its Intention to Acquire Spumador

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

14 Jan 2011

toggle

Trilantic Capital Partners commits up to €50 million in LeYa

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

7 Jan 2011

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Trilantic Capital Partners to Invest €53 million in Gamenet

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

11 Nov 2010

toggle

Talgo is awarded the contract to renew and expand the intercity passenger train coaches of the national railway company of Kazakhstan

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

28 Jul 2010

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Thai Union Frozen Products Board of Directors Approves Acquisition of MW Brands from Trilantic Capital Partners

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

10 Feb 2010

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Trilantic Capital Partners has Successfully Realized its Ownership Stake in Industria de Turbo Propulsores S.A.

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

24 Sep 2009

toggle

Talgo: Spanish Minister of Transportation to Support Talgo in its Internationalization

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

17 Jul 2009

toggle

Talgo: Governor Doyle Announces Agreement with Talgo to Bring New Trains, Assembly and Maintenance Facilities to Wisconsin

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

9 Apr 2009

toggle

Istanbul Doors: Group Launches New Italian Restaurant Concepts

The Board of Directors of Thai Union Frozen Products PCL. (“TUF”), Thailand's major processor and exporter of canned and frozen seafood, is pleased to announce it has approved the resolution to acquire 100% of MW Brands (“MWB”) from Trilantic Capital Partners.

MW Brands is one of the European leaders in tuna and other ambient seafood products through its iconic brands - John West, Petit Navire, Hyacinthe Parmentier and Mareblu - and holds leading market positions in France, the United Kingdom, Ireland and the Netherlands and Italy. MWB is currently owned by Trilantic Capital Partners (“Trilantic”), a leading international private equity group with $3.8 billion of assets under management. Trilantic acquired MWB through a carve out of various entities from the US food producer HJ Heinz in 2006. For the latest fiscal year ended March 31, 2010, MWB generated sales of €448 million. The value of its total assets was €559 million.

TUF will acquire 100% of MWB for an enterprise value of €680 million (approx. THB28.5 billion) all cash, fully debt financed. The transaction is subject to shareholders’ approval and anti-trust review from the relevant authorities.

After the successful completion of the transaction, TUF’s tuna processing capacity will amount to half a million tonnes of whole round fish making the combined group one of the largest canned tuna producers in the world. Based on sales, TUF will be among the largest seafood companies in the world. In addition, TUF will become one of the few truly global and vertically integrated seafood players with sales, production, and leading brands across Asia, the US, and Europe. The acquisition will increase Europe’s contribution to TUF’s total sales from 11% percent to more than one third.

Mr. Thiraphong Chansiri, president of TUF, said, 'MW Brands represents a transformational opportunity for TUF to consolidate its strength in the global ambient seafood market. In addition, we believe the combination of these two highly complementary businesses will unlock synergies and create a leading global seafood company with broader sources of supply and end-markets. The investment will add four processing plants in France, Portugal, Seychelles and Ghana to our existing five processing facilities in Thailand, Indonesia, Vietnam and the USA. Our fishing fleet will also double in size from 4 to 9 vessels significantly improving our vertical integration and strategic access to tuna raw material. In addition to diversification of our end-market and production bases, MWB’s strong European footprint will also provide us with further business opportunities in the future through a strong customer base, distribution, and brand leadership. We look forward to welcoming the employees of MW Brands into the Thai Union Group.”

Mr. Joe Cohen, Partner at Trilantic Capital Partners: “We are proud to have been involved with MW Brands from its inception as a carve out of various businesses from Heinz to becoming the leading European canned seafood company. We believe that TUF represents an excellent buyer of the business and the combined company will be able to generate important synergies through procurement, new product development and global sales. The combination also constitutes a key step in the development of sustainable and economic fishery production”.

Thai Union Frozen Products achieved sales of THB68.9 billion (approx. USD2 billion) with net profit of THB3.3 billion and EBITDA of nearly THB6.0 billion in 2009. Tuna products accounted for the largest share at 44%, followed by frozen shrimp at 20%, canned cat food at 9%, canned seafood at 9%, shrimp feed at 6%, canned sardine / mackerel at 4%, cephalopod at 3% and others at 5%. In its latest Q1/2010 operational results, TUF generated THB16.3 billion (USD498 million) in sales with net profit of THB831.2 million, up 27.3% YoY and 15.8% QoQ. The quarterly EPS was THB0.94.

TUF shares closed yesterday on the Stock Exchange of Thailand at THB47.75, up 2.69% from THB46.50 closing price on July 23, 2010, in trade worth THB264.4 million.

Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Morgan Stanley and Bualuang Securities acted as financial advisors to TUF. UBS acted as financial adviser for Trilantic Capital Partners.

Contacts

Thai Union Frozen Products PCL
Paco Lee
Financial Controller / Investor Relations Officer
Email: paco_lee@thaiunion.co.th

Cubitt Consulting (on behalf of Trilantic Capital Partners)
Simon Brocklebank-Fowler / Caroline Merrell

Notes to Editors

Background on Thai Union Frozen Products PCL
Thai Union Frozen Products PCL. is Thailand’s major processor and exporter of canned and frozen seafood listed on the Stock Exchange of Thailand.

Background on Trilantic Capital Partners
Trilantic Capital Partners is a global private equity firm based in Europe and the US managing $3.8bn of committed capital with primary investment focus in consumer, industrial, energy, financial and business services.

Contact

Trilantic Europe

Luxembourg

Trilantic Europe Sarl
26 Boulevard Royal
L-2449 Luxembourg

United Kingdom

Trilantic Capital Partners LLP
35 Portman Square
London, W1H 6LR, UK

Italy

Trilantic Europe Srl
Via Turati 3
Milano 20121, Italy

Spain

Trilantic Europe SL
Claudio Coello 33
Madrid 28001, Spain

Germany

Trilantic Europe GmbH
Kleine Johannisstraße 10
Hamburg 20457, Germany