Charoen Pokphand Foods-owned subsidiary CPF Investment Limited has agreed to take over UK-based Westbridge Food Group Limited (WFGL), which has recorded total revenue of THB14.73 million and THB173million net profit.
The purchase of WFGL will allow CPF to expand its distribution network, as WFGL specialises in sales of meat and ready-made products to retail and foodservice customers, as well as food manufacturers in the UK and the European Union.
It also engages in the development, sourcing and supply of products across many food groups around the world.
In addition, it has invested in 117 companies in the UK and 16 companies in the Netherlands that have Import ‘Quota License’ for the import of poultry meats and other poultry products to the EU.
Chairman of the Executive Committee of CPF, Adirek Sripratak, noted that the investment will “allow CPF to expand its distribution network for retails, food services and food manufacturers in the UK and EU countries which have a high potentiality.”
He said that “CPF will have import quota license for chicken products to the EU since WFGL has more than 100 subsidiaries which have import quota,” adding that its “management team also has high experiences in food business management”.
WFGL has an approximate combined value of £60 million or about THB2.6million.
This story was originally published on a previous version of the Meat Management website and so there may be some missing images and formatting issues.
