Umios will enter into a capital and business alliance with Thailand’s major food manufacturer Pataya Food Industries Limited (PFI), together with a group company, and acquire 25.1% of PFI’s issued shares. Through the alliance, it aims to expand its processed-food portfolio and sales network in Asian markets.
Umios announced that it has decided to enter into a capital and business alliance with Pataya Food Industries Limited (PFI) jointly with its group company Kingfisher Holdings Limited. The alliance is intended to broadly expand its processed-food business into Asian markets from Thailand and accelerate its glocalization strategy.
Under the alliance, Umios will acquire 25.1% of PFI’s issued shares. Building on its longstanding strengths in sourcing and processing ingredients from the sea, the Umios Group will continue expanding its business in Asia and strengthening its quality and supply systems.
Pataya Food Industries Limited was established in 1979 and is based in Bangkok, Thailand. It operates OEM and own-brand businesses focused primarily on shelf-stable products made with tuna ingredients and pet food. Its capital is THB 280,000 thousand, and its representative is President Ms. Sudatip Kiatsrichart.
This transaction is based on the attached related materials, and the Umios Group positions the alliance as part of its long-term vision for advancing its glocalization strategy in Asia. The release states that the company intends to leverage local sales networks and expertise under its policy of making Thailand the “Kitchen of the World.”