Bangkok--9 Jan--CPF
CPF Europe SA (“CPF EU”), an indirect 99.99 percent holding subsidiary of Charoen Pokphand Foods PLC (CPF) or CPF, will acquire80 percentstakein Tops Foods NV ("Tops Foods"), a company in the Kingdom of Belgium, in February. The investment value is 9 million euros (approximately 408 million baht).
Founded in 1993, Tops Foods engages in the production and distribution of ready mealsin the Kingdom of Belgium. In 2013, Top Foods revenues was approximately 12 million euros and total assets was approximately 10.6 million euros, with production capacity ofapproximately 100,000 trays of ready meals per day.
The food production plant of Tops Foods employs modern microwave technology with high standard. Investment in Tops Foods will help strengthen CPF to expand itsready mealsproduction base in Europe for distribution to countries within the continent and nearby,said Mr.Adirek Sripratak, President and Chief Executive Officer.
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