John West sold for £568m

Click to follow

John West, the UK's leading canned fish brand, is set to fall into Thai hands following a £568m deal. Trilantic Capital Partners, the former Lehman Brothers private equity fund, has agreed to sell the brand's owner, MW Brands, to Thailand's biggest producer and exporter of canned fish, Thai Union Frozen Products.

The Liverpool-based John West was founded more than 140 years ago by a Scotsman of the same name, who set up canning factories in the US.

The name was bought by two Liverpool merchants who began importing canned salmon in 1892. Unilever bought the business in 1963 and sold it to the US food giant Heinz in 1997. Heinz in turn sold it on to Trilantic in 2006.