Philippines' Century Pacific Buys Controlling Stake in Chinese Distributors from Thai Union
SEAFOODNEWS.COM [SeafoodNews] December 28, 2016
The Philippines’ largest canned food company Century Pacific Food purchased the controlling stake in several distribution companies in China from its parent company and from a Thai Union subsidiary in China.
Century Pacific Food signed the purchase agreements to buy the distribution companies for US$2.65 million in cash. The distributors were owned 50 percent each by Thai Union Manufacturing Co Ltd, a wholly owned subsidiary of Thai-listed Thai Union Public Group, and Century Pacific Group, Inc., which is the parent company of Century Pacific Foods...
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