Tuna giant Thai Union has upped its stake in Thai importer Thammachart Seafood Retail (TSR) by purchasing 39.9 percent of shares.

TSR is an importer of premium imported and local fish, frozen and smoked seafood to retailers in 150 outlets across Thailand, through management of their seafood counters. In 2018, it generated sales in excess of THB 660 million (€17.2 million/$20.0 million).

Thai Union had previously entered an agreement to acquire a 25.1 percent stake in Bangkok-based Thammachart Seafood Retail (TSR) for THB 37 million (€962,862/$1.12