The investment of $28.9 million (€21.4 million) -- made in common shares, convertible notes and a senior loan -- will enable TOG to expand its market leader status by increasing production, consolidating sales efforts, and reorganizing finances.
"TOG is a clear leader in the canned tuna market, particularly in France, Germany and Belgium," said Tom Gibian, CEO of ECP. "The company has a reputation for product quality, strong sales and superior customer service. It is in a prime position for growth through new product development and expansion into other European markets like Spain and Italy."
TOG
