Thai CPF to acquire Canadian pork producer HyLife for $372 millionChristian Fernsby ▼ |
Acquisition Charoen Pokphand Foods
Charoen Pokphand Foods Pcl (CPF), Thailand's largest agriculture conglomerate, said on Monday it would acquire Canadian pork producer HyLife Investments for C$498 million ($372.7 million) to expand its North American business.
CPF said the investment would give it access to a pork production base and opportunity to expand in North America and premium markets such as Japan.
CPF, which has livestock, aquaculture, animal feed, and restaurants businesses across 17 countries, is owned by Thailand's richest man, Dhanin Chearavanont.
Dhanin's other businesses span convenience stores, insurance and telecommunications. ■
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