Thai Union to increase control of US seafood chain Red Lobster

Buyer wants to tighten procurement process, develop new products

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U.S. restaurant chain Red Lobster will come under control of Thai Union, the world's largest canned tuna manufacturer. (AP Images)

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- The world's largest canned tuna producer Thai Union announced that it, together with Seafood Alliance, will take a 36% stake in U.S. restaurant chain Red Lobster.

Thai Union, which already has a 25% stake in Red Lobster, hopes that greater control of the chain will allow it to increase synergies with its core seafood processing business through product development and the expansion of suppliers.

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