Thai shrimp producer to acquire Blue Earth

According to a notice to the Thailand Stock Exchange on Monday, Seafresh Industry Public Co. Ltd. is in talks to purchase Blue Earth Foods Ltd., a UK-based seafood processer and distributor.

The Thailand-based company would acquire a 25 percent stake in Blue Earth Foods, and its new UK-based subsidiary, Seafresh Industry Invest Lt., would hold the remaining 75 percent. Based in Redditch, Worcestershire, Blue Earth Foods has annual revenues of GBP 26. 3 million.

The deal does not include Blue Earth Foods’ U.S. operations in Atlanta, according to the notice.

The transaction has been approved by the board at Seafresh Industry Public Co. Ltd. and is expected to be completed in the fourth quarter of 2011.

Seafresh Industry Public Co. Ltd. is major producer of raw cooked and value-added shrimp products.

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