Thai seafood giant Thai Union has acquired 10 percent in R&B Food Supply, the company announced in a stock exchange announcement. The target company is Thailand’s leading food ingredients company specializing in flavors, colors and coating.
Thai Union acquired 200 million shares of R&B Food Supply, representing 10 percent of total shares, at a transaction value of around THB 3 billion (€76.8 million/$89.9 million).
The investment will create opportunities and business growth for Thai Union in the food ingredients segment, the company writes in a stock exchange announcement.
