Thai Union to acquire the remaining stake in Red Lobster from Golden Gate Capital.

Thai Union, a Thailand-based producer of seafood-based food products, agreed to acquire the remaining 75% stake in Red Lobster, an American casual dining restaurant chain, from private equity firm Golden Gate Capital. Financial terms were not disclosed. "We are thrilled to deepen our relationship with Thai Union, a long-term strategic supplier to Red Lobster and an investment partner for the last four years. Our organization will also benefit from the tremendous international restaurant and hospitality expertise brought by Seafood Alliance. I want to thank Golden Gate Capital for their unwavering support over the past six years and particularly over the past five months," Kim Lopdrup, Red Lobster CEO.