TU accelerates its investment in the United States in order to grow its pet food business and increase revenues and profits for the group.
Thai Union Group Public Company Limited (SET: TU) announced the restructuring of its investment and the establishment of a new subsidiary in the United States of America by i-Tail Corporation Public Company Limited, a subsidiary of which the company owns 99.55%, under the name of i-Tail Americas, Inc., a United States of America registered subsidiary with a registered capital of USD5 million.
TU restructures its investment by approving i-Tail Americas, Inc. to acquire shares in US Pet Nutrition, LLC. (USPN), which is responsible for the sale and distribution of pet food products in the United States of America from Thai Union North America Inc. (TUNA), in order to increase management and operational flexibility in the pet food business.
