Announced
Financials
Sources
Tags
Canada
Majority
Private
pork industry
Acquisition
Farming Fishing Ranching and Plantations
Pending
Single Bidder
Private Equity
Synopsis
Charoen Pokphand Foods, Thailand’s largest agriculture conglomerate, acquired Canadian pork producer HyLife Investments for C$498m ($372.7m) to expand its North American business. The acquisition would make CPF a 50.1 percent owner of HyLife, with the remainder held by its Japanese partner, Itochu, CPF said in a statement. 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.
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