Thailand-based agri-food firm, Charoen Pokphand Foods Plc (CPF), has acquired controlling interests of companies in China, Taiwan and Thailand, according to the Bangkok Post. The company has also recently announced it has taken a majority stake in a foodservice supplier in the U.K.
Activity in China
In China, CPF – part of the Charoen Pokphand Group – has acquired a 70 percent share of poultry firm, Fujian Sumpo Foods Holding Co. Based in Fujian, the company produces and sells animal feeds and poultry, as well as processing and trading chicken meat products.
Also in China, CPF has formed a whole-owned subsidiary, CP Food (Hengshui) for the manufacture and sale of value-added processed foods in Hebei.
Acquisitions in Taiwan, Thailand
Through its Taiwanese arm, Charoen Pokphand Enterprise (Taiwan), CPF has recently bought a 52 percent share of egg producer, Rui Mu Foods.
And on home territory, the company has acquired part of Siam Rivea Co., which runs a chain of restaurants.
Expansion into the U.K.
Earlier this month, CPF acquired a 60 percent stake in UK foodservice supplier, Foodfellas. The deal, set up by CPF’s UK firm, represents the company’s first foray into the British food-service sector. Foodfellas imports and distributes a range of foods, including meat, to more than 160 customers in the UK, according to CPF.
In its most recent quarterly report published in August, CPF reported a 13 percent increase in sales and net profit up by 35 percent. It forecast 10-15 percent growth in its business this year, and had previously announced an intention to expand its interests in Cambodia.
