Umios Takes 25.1% Stake in Thai Tuna Processor Pataya Food Industries
Japanese seafood and food group Umios Inc. is deepening its bet on Thailand as a manufacturing and product-development base, acquiring a 25.1% stake in major Thai food manufacturer Pataya Food Industries Limited (PFI) in a move aimed at accelerating its push into shelf-stable foods across Asia.
The minority stake, large enough to signal strategic intent without requiring a full takeover, was executed through Umios and its group company Kingfisher Holdings Limited. Umios described the transaction as a capital and business alliance designed...
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