Mitsubishi, Thon des Mascareignes to merge tuna processing operations

Mitsubishi subsidiary Princes Tuna will enlarge its tuna processing operation in the Indian Ocean by merging one of its subsidiaries with the second-largest tuna processor in Mauritius.

The new operation, created through a merger between Princes Tuna (Mauritius) and Thon des Mascareignes (TdM), will operate two processing sites and generate around $400 million (€320.2 million) in annual sales.

Contracts have been exchanged and the merger is expected to be completed within the next few months. All employees will transfer to the new operation on completion.

Princes