Thai CP Foods: Itochu ,Canadian HyLife acquisition-joint venture with Itochu
April 23, 2019
Thai food giant: Chalong Pokapan (CP) Foods
On April 22, Canada’s HyLife Investment will be acquired for 498 million $ C .
HyLife investment:
50.1% of HyLife Group Holdings (Canada’s largest pig and pork producing company).
Itochu holds 49.9% of the remaining shares.
HyLife Group Holdings: CEO Grant Lazarque
“This agreement is a win-win for HyLife, CP Foods and the agricultural community in Manitoba, and will deliver Manitoba produced and processed pork to customers all over the world, including the Japanese market.”
-JETRO
https://www.jetro.go.jp/biznews/2019/04/b6cb679d15147e5e.html