TFG Acquires “FBC” with ฿280M of investment, Expecting New Targeted Customers

Thaifoods Group Public Company Limited (TFG) has invested in Food Blessing (1988) Company Limited (FBC) by acquiring the existing shares from FBC’s existing shareholders in amount of 1,800,000 shares, THB155.86 per share at the par value of THB 100 each or THB 280.56 million being 100.00 percent of FBC’s registered capital. The source of the investment derived from the TFG’s cash flow, which will not adversely affect TFG’s liquidity and operations.

The investment in FBC will lead TFG into new business expansion, new market and new targeted customers in both domestic and overseas and enhance TFG revenue, profitability and potential to compete and grow in the long run which will create value added to shareholders in the long term.

FBC operates a  business in a producer of sauce and seasoning products supplied in domestic and overseas.
FBC was set up on September 5, 1988 to engage in the business of manufacturing and distribution of seasoning products and herbal beverages with 7 own brands; Chornthong, FBC, Kukake, PQ, Matrix, Fresh, Tensho, and Ros Thai Thai and more than 70 OEM brands supplied in domestic and overseas. FBC has a factory located in Pathum Thani province with the current approximate capacity of 15,900 tons of sauce per year and 19,000 tons of beverages per year. In addition, FBC already gets the certificate of HACCP, GMP, BRC, and HALAL. Currently, FBF has a production capacity of sauce and seasoning products totally 15,900 ton/year and a production capacity of herbal beverages totally 19,000 ton/year.