Thailand’s Charoen Pokphand Foods (CPF) is establishing a joint venture with Japan’s NH Foods to supply processed pork products across Asia.
In a recent stock exchange filing on October 29, CPF announced that this joint venture will focus on developing and producing pork-related products aimed at markets in Thailand, Japan, Singapore, and Hong Kong.
This collaboration will be executed through CPF’s fully owned subsidiary, CPF Food and Beverage (CPFFB), and will be known as CPF NH Foods.
The Thai firm will hold a 51% stake in this venture, which is backed by an initial capital of Bt1.8 billion ($55.7 million), with an outlay of Bt300 million planned initially.
CPFFB is set to contribute Bt918 million, while NH Foods will invest Bt882 million, with completion of the joint venture expected in November.
According to CPF’s filing, “This joint venture represents a strategic collaboration that combines CPF Group’s strengths in distribution networks and raw material sourcing with NH Foods’ expertise in product development and manufacturing standards.”
Furthermore, this partnership aims to expand CPF’s footprint in the processed food market in Japan and other Asian countries, promoting diverse food cultures between Thailand and Japan.
Post-completion, CPF NH Foods will acquire CPFFB’s ready-to-eat production plant located in Chachoengsao province by the first quarter of 2026.
Currently, CPFFB oversees the production and distribution of ready-to-eat products from its six factories in Thailand.
Founded in 1942, NH Foods operates in 16 countries, maintaining 202 sales offices, and is publicly traded on the Tokyo Stock Exchange.
In December, NH Foods signed a deal to acquire US poultry processor LJD Holdings Group.
LJD Holdings encompasses Mountain View Packaging and Tamarack Foods, focusing primarily on producing and marketing processed chicken products for the US market.
