Oligopoly WatchThe latest maneuvers of the new oligopolies and what they mean(Untitled)- July 1, 2008 South Korean company now canned tuna kingSouth Korean food company Dongwon announced it would acquire the StarKist canned tuna company from Del Monte Foods, The deal is for $363 million. Dongwon is already dominant in canned tuna in Korean, with a 75% market share. It also owns the world's largest tuna fishing fleet. The move will make the company 1 in tuna worldwide, with further expansion plans in Europe and South America. Del Monte acquired StarKist in 2002, from Heinz Foods. The brand,...http://www.oligopolywatch.com/2008/06/30.html#a1254 |