Alliance Diversifies But Is The Timing Right?

Looking to exploit growing European and North American fish and seafood demand, Philippine canned tuna firm Alliance Tuna International (ATI) is to acquire a majority stake in Vietnamese fisheries firm Hiep Thanh Seafood Joint Stock Company (HTS) for a reported US$13.1mn. The acquisition, which could triple ATI's existing revenues, will also give the firm much-needed product diversification.

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