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Thai Union Group to Acquire Red Lobster Seafood Co.

09/01/2020

A consortium comprising the Seafood Alliance, an investor group and Thai Union Group PCL will acquire their remaining equity stake in Red Lobster Seafood Company from majority shareholder Golden Gate Capital. This entity acquired Red Lobster in 2014 from Darden restaurants in a $2.1 billion transaction. 

 

Kim Lopdrup, CEO of Red Lobster noted "we are thrilled to deepen our relationship with Thai Union, a long-term strategic supply to Red Lobster and an investment partner for the last four years.  He added "we are pleased that we have maintained off-premise sales at triple our previous crisis levels even after reopening the large majority of our dining rooms".

 

Thai Union based in Bangkok is the owner and operator of the Chicken of the Sea canned tuna brand