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Companies’ Combined Revenues Top $550 Million Annually
SAN DIEGO – July 24, 2003 - Chicken of the Sea International’s parent company, Thai Union International, today announces the acquisition of Port Washington, N.Y.-based Empress International, Ltd. Empress, which recently celebrated its 50th anniversary, is one of the leading importers and distributors of frozen shrimp and other fish and shellfish in the nation.
The combination of Chicken of the Sea and Empress will expand the branded distribution of Chicken of the Sea’s shelf-stable seafood product line – canned and pouched tuna and salmon, and canned crab, shrimp, oysters, and other seafood – to include frozen and fresh varieties.
This arrangement will also allow the continued growth of the premium “Xcellent” brand offered by Empress International to the nationwide foodservice market. In addition to shrimp, Empress’ product line features crab, mussels, Chilean sea bass, salmon, halibut, pollock, mahi-mahi, sole, tuna, cod and black cod, and is sold at both foodservice and retail channels.
The combined companies’ U.S. seafood sales revenues are more than $550 million annually. “With more than 90 years of experience in the shelf-stable seafood business, Chicken of the Sea is very excited to expand our brand throughout the seafood category,” said Dennis Mussell, president and CEO of Chicken of the Sea.
“The combination of these two companies by Thai Union represents a good long-term move. Empress has a solid reputation in the shrimp industry with a consistent record of growth,” he said.
Joel Kolen, president of Empress agreed. “We feel Chicken of the Sea is the best possible partner because of its long history of branded quality products that consumers trust,” he said. “Empress’ Xcellent brand is going to be a great fit with the outstanding Chicken of the Sea brand.”
Thai Union International is a subsidiary of Thai Union Frozen Products PCL. Thai Union Frozen Products, established in 1998, specializes in production and export of frozen and shelf-stable seafood.
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