Umios Takes 25.1% Stake in Thailand's Pataya Food Industries

M&A · Partnership
โดย Just Food·JPTH·Read original
Summary · why it matters

Japanese seafood group Umios, formerly Maruha Nichiro, has acquired a 25.1% minority stake in Thailand's Pataya Food Industries. The transaction is being carried out through Umios group company Kingfisher Holdings, and Umios did not disclose the purchase price for the interest. Bangkok-based Pataya Food Industries, founded in 1979, has a capitalisation of Bt280m, equivalent to $8.4m, and manufactures branded seafood and pet-food products while also acting as a B2B supplier in Asia. Umios said the deal and alliance will expand the group's portfolio of processed foods and other products as well as its sales channels in Asia, advancing the local strategy set out in its long-term vision. The move follows Umios' June agreement to take a 51% stake in Malaysia-based Pet World International for Y11.4bn, or $73.7m at current exchange rates.

Impact on stocks 1

Consumer Staples · 1 stocks
Umios Corporation
1333
▲ PositiveCapitalrelevance

Umios acquires a 25.1% stake in Pataya Food Industries to expand its processed-food portfolio and Asian sales channels.

Off-coverage companies 3

Pataya Food IndustriesPrivate▲ Positive
Capitalrelevance

Pataya Food Industries receives a 25.1% minority investment from Umios via Kingfisher Holdings.

Kingfisher HoldingsPrivate± Mixed
Capitalrelevance

Kingfisher Holdings is only named as the Umios group vehicle carrying out the stake purchase, with no independent impact.

Pet World InternationalPrivate± Mixed
relevance