Mitsubishi to Boost Thai Union Stake to 20 Percent with $200 Million Investment Global Seafood Supply Chain Strategy Accelerates

Mitsubishi Corporation announced a $200 million plan to raise its stake in Thai Union from 6.19% to 20%, aiming to deepen strategic ties and strengthen its global seafood supply chain. The acquisition, priced at THB 12.5 per share for an additional 13.81% stake, is pending regulatory approval.

This move is part of Mitsubishi’s broader push to enhance quality and sustainability across its seafood operations—from sourcing to processing and distribution—by leveraging group synergies. The deal will also expand cooperation in salmon products, tapping into Thai Union’s strong value-added salmon processing business in Europe and opening new opportunities for Mitsubishi’s Norwegian subsidiary Cermaq.

Founded in 1977, Thai Union is the world’s largest tuna processor and a leading producer of pet food. The partnership between Mitsubishi and Thai Union dates back to 1991, spanning canned tuna, pet food, and frozen shrimp products.

Mitsubishi projects that growing global demand for seafood, driven by population growth and shifting consumer preferences, will continue. Tuna remains a versatile and attractive ingredient, from sushi and canned products to rapidly expanding pet food markets worldwide.