BANGKOK -- Thai Union Group, the world's largest canned tuna company, has resumed its acquisition spree in developed countries just days after the U.S. government upgraded Thailand's status on human trafficking in its latest report.
On July 5, Thai Union announced the acquisition of Les Pecheries de Chez Nous, a Canadian lobster processing company based in New Brunswick. It was Thai Union's first acquisition in North America since it was forced to scrap a $1.5- billion buyout plan for Bumble Bee Foods in December. The much smaller Canadian company has annual revenue of 50 million Canadian dollars ($38 million).
