CPF acquired Canadian pork producer HyLife for $372m.

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.