Thai Union Group (TU) completed the acquisition of a 51 percent stake in Rugen Fisch on Feb. 2.

Rugen Fisch, based in northeastern Germany, currently generating revenues in excess of €140 million ($152.7 million), and is the country’s shelf-stable seafood leader.

The company supplies ambient and chilled fish products, including herring, mackerel and salmon, across Germany to all leading retailers under its own key brands, namely Rügen Fisch, Hawesta, Ostsee Fisch and Lysell, along with a significant private label manufacturing business. 

The transaction has satisfied all regulatory requirements and customary closing conditions, including clearance by the competition authorities in Germany and the EU.

Rugen