CPF acquires Bellisio Parent in US for more than $1 bn

The transaction, subject to customary closing conditions and regulatory approvals, is expected to close within 180 days.
CPF chief executive officer Adirek Sripratak said this transaction marked the first step of the company’s entry to the world’s largest food market, where it sees significant growth and synergy opportunities. 
“We believe that through leveraging our combined strengths at CPF and Bellisio group, we can bring greater variety of products, particularly Asian food products, to US consumers as well as export our products globally,” he said. 
“This acquisition is in line with CPF’s strategic direction to expand into high-potential markets. After the transaction, CPF’s revenue contribution from food business will rise.”