Thai Union Frozen Products president and chief executive Thiraphong Chansiri has hinted at a return to an acquisition spree.
Speaking at a press conference yesterday, Thiraphong said he would spend more time searching for new business opportunities this year, as the world's leading seafood company has kept its target to grow its sales by as much as 25 percent by 2015.
Though the TUF boss declined to be specific on his firm's merger and acquisition targets, the huge revenue-growth goal is unlikely to be met through organic growth alone. The world's largest canned-tuna producer recorded revenue growth of only 6 percent last year when it had faced a "perfect storm" in all of its major businesses, and aims to grow by 9 percent this year.
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