FILE PHOTO: The logo of CPF is pictured at its office in central Bangkok, Thailand, March 1, 2016. REUTERS/Chaiwat Subprasom
The acquisition would make CPF a 50.1 percent owner of HyLife, with the remainder held by its Japanese partner, Itochu Corp, CPF said in a statement. CPF, which has livestock, aquaculture, animal feed, and restaurants businesses across 17 countries, is owned by Thailand’s richest man, Dhanin Chearavanont.CPF’s purchase of HyLife will improve its product portfolio of cooked pork products for the Chinese market and expand its presence in the United States. HyLife, which has processing plants in Canada and Mexico, has businesses including feed manufacturing, hog production and distribution of pork products.
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