Thai Union Group has acquired the remaining 49% of shares of Rügen Fisch.
Thai Union first acquired a majority 51% holding in Rügen Fisch in 2016.
Headquartered in north-eastern Germany, Rügen Fisch currently generates revenues in excess of €140 million and is the country’s shelf-stable seafood leader. It supplies ambient and chilled fish products, including herring, mackerel, salmon and tuna, across Germany under its own key brands, namely Rügen Fisch, Hawesta, Ostsee Fisch and Lysell.
The company also maintains a significant private label manufacturing business and employs more than 680 staff working across sites in Germany and Lithuania.
“Rügen Fisch has been a key part of Thai Union Europe and the wider Thai Union Group since our initial investment five years ago,” said Thiraphong Chansiri, president and chief executive of Thai Union Group.
“This further acquisition demonstrates the great value that it has brought to us as well as our continued commitment to the German market,” he added.
Jens Vogler, chief executive of Rügen Fisch, said that the company had been able to reap the benefits of being part of a global group since joining Thai Union. “We are now looking forward to even further integrating with Thai Union and embarking upon the next stage of this exciting journey,” he added.