Thai Union Group is a Thailand-based producer of seafood-based food products. It was founded in 1977, and was listed on the Stock Exchange of Thailand (SET) on 22 November 1994. Thai Union operates worldwide with plant facilities in France, Germany, Ghana, Poland, Portugal, Papua New Guinea, Norway, the Seychelles, Scotland, Vietnam, Thailand and the United States. Its business includes tuna, shrimp, sardines, mackerel, salmon, pet food and prepared foods. Brand portfolio Thai Union's brand portfolio includes: Bellotta (business in Thailand) Chicken of the Sea (business in the US) Fisho (business in Thailand) John West (business in the Netherlands and the UK) King Oscar (business in Norway) Ayam Brand (business in Indonesia, Malaysia and Singapore) Mareblu (business in Italy) Marvo (business in Thailand) Parmentier (business in France) (business in France) (business in Germany) Sealect (business in Thailand) Financial performance In 2017, Thai Union had revenues of 140 billion baht, with a net profit of six billion baht. Total assets amounted to 146.3 billion baht. Total shareholder equity was 48.2 billion baht. Thai Union's target is to achieve US$8 billion in revenue by 2020. The revenue contribution of its different businesses as of 2017 are: Ambient seafood business, 45 percent Frozen and chilled seafood and related business, 42 percent PetCare, value-added and others, 13 percent History 1977: Established on 17 March 1977 as Asian Pacific Thai Tuna Co, Ltd. with initial capital of 25 million baht. 1988: Renamed Thai Union Frozen Products PLC in March 1988. 2010: Acquired MW Brands (now Thai Union Europe) from Trilantic Capital Partners for €680 million. 2010: Expanded and diversified into the pet food business with U.S. Pet Nutrition LLC. 2013: Became the first Thai company to join the UN Global Compact, an initiative aimed at "promoting sustainable and socially responsible policies." 2013: Became a founding member of the International Seafood Sustainability Foundation (ISSF). 2014: Signed a deal for MW Brands to take over 40-year-old French company MerAlliance, the fourth largest smoked salmon producer in Europe. MerAlliance's revenue for the year to 31 March 2014 was US$220 million. 2014–2017: Included in the Dow Jones Sustainability Indices (DJSI) for four consecutive years, with the company ranked in the 97th percentile among companies in the industry. 2015: Rebranded as Thai Union Group PLC (TU). This rebranding was part of an initiative to "integrate all its [Thai Union] subsidiaries under a single new corporate vision, mission and core values, as