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Article: Thai Union Frozen Products Hikes Sales Forecast after Buying Seafood Importer.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 6, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Charoen Kittikanya, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Aug. 6--Thai Union Frozen Products (TUF) has raised its sales projection for this year to at least US$1 billion due to the contribution from its recent ac...uisition of New York-based Empress International, a leading importer and distributor of frozen and fresh seafood.
Before the $24.5-million ac...uisition, TUF had projected its sales would be approximately US$900 million this year, compared with $800 million in each of 2002 and 2001.
"Empress International is expected to contribute about US$100 million to sales for the remaining months of this year, but ...