Thai Wah Public Company Limited, or TWPC, has acquired 100% of Well-Grow Company Limited in a deal valued at 190 million baht, expanding into sauces and seasonings. Revenue recognition begins this September and will be booked for a full quarter in the fourth quarter of 2026. Hathairak Kamolsirisakul, Assistant Chief Executive Officer for Strategy, Sustainability and Innovation, said the company aims to drive sales growth in its food and sauce group in overseas markets to double digits, or more than 10%, expanding into Southeast Asia, Asia-Pacific, China, Vietnam, Indonesia, South Korea and Japan. The food business currently accounts for about 15-20% of the total portfolio, while more than 70-75% of revenue comes from overseas markets, with exports to more than 35 countries worldwide. The company aims to launch more than five new products on shelves each year and will also recognize results from a new small-scale production plant in China. The company acknowledged that this year's cassava production costs have risen sharply, but this has not significantly affected profit because it has managed the spread between selling prices and costs.
Thai Wah Public Company LimitedTWPC closed its 190-million-baht acquisition of Well-Grow, expanding into sauces and seasonings with revenue recognition starting this September.
