Global market leadership anchored in our expertise and passion for seafood:
We have almost 40 years of experience in the seafood industry since the founding of Thai Union Manufacturing in 1977. Today, we believe we are one of the largest seafood companies globally by value. We are also the largest processor of tuna by volume and the largest frozen shrimp importer by volume into the United States. We have successfully built a leading position across key consumer markets in Europe and Asia, which we are comprehensively serving through strong brands and innovative OEM products. Our knowledge of the seafood industry has allowed us to expand over time from tuna processing into many other seafood varieties, such as shrimp, sardines, mackerel, salmon and crab. We are able to identify additional seafood products with strong customer demand. We also have the platform to source, process and distribute such products to our customers. At the heart of our business is our passion for seafood, for providing healthy meals for consumers throughout the world and for advancing the sustainability of the overall seafood industry. We believe that our expertise and passion for seafood will continue to be a competitive advantage in the industry and allow us to operate and grow efficiently and sustainably.
Supply chain excellence across our global sourcing and production platform:
We have production facilities in 12 countries across five continents (North America, Europe, Africa, Oceania and Asia) and we are sourcing our seafood raw materials in every ocean; for example we source tuna from the Atlantic, Pacific and Indian Oceans. We have global access to sources of shrimp and other species from aqua farming, and security of a good quality supply throughout the year is one of our key strengths. In addition, for our shrimp trading, processing and related businesses we distribute to multiple markets and source our products from major shrimp producing countries. Our diversified sourcing and processing provide us with the flexibility to optimize our global supply chain to deliver the best product in a timely and cost-efficient manner to our consumers in each market.
Portfolio of leading consumer brands complementary to our established OEM business:
We have leading businesses in the branded seafood market as well as the OEM market. We believe that these markets are naturally complementary and typically provide economies of scale; more diversified and stable demand; higher utilization of processing capacity and better margin stability for Thai Union relative to competitors who only compete in one of these markets. Our brand portfolio gives us direct access to consumers and allows us to better understand their needs to support the development of new products. Our established OEM business provides us with a large volume flow business that helps lower costs and increase efficiencies in our production.
Strong track record of product innovation with a dedicated innovation center:
Our commitment to research and product development has resulted in significant innovations in our product portfolio, packaging and processes. We believe the GII is the world’s first research center dedicated to tuna products and focuses on developing innovative research and studies of technology that we believe will provide improvements to our products and manufacturing processes.
Clear focus on sustainability, product quality and food safety:
We manage our operations with a clear focus on sustainability, product quality and food safety. As a result we are able to offer our customers high quality products from sustainable sources.
Strong management team with experience of integrating acquired businesses:
Almost 40 years we have moved from a Thai enterprise to become a global seafood leader. We have in place a strong professional management team with significant experience across our products, markets and processes. Our management team has a successful track record of organic growth and growth through acquisitions with successful integration of new businesses. We believe our management team and experience provide us with a strong platform to identify acquisition targets and continue growing both organically and inorganically.