SATS to acquire Thai firm Food City for $21m

The acquisition is expected to reduce food waste and increase productivity..

SATS is set to acquire 85% majority control of Thailand-based Food City Company Limited for approximately $21m.

Previous owner of Food City, Bangkok Ranch PLC, would retain 15% of the company.

“SATS will benefit from Food City’s scale, and location in the Thai food ecosystem to supply its growing customer base across the region, from aviation to food service and retail.This acquisition will strengthen our range of food technologies –fresh, cook-chill, ambient and frozen, to serve different customers’ needs,” said SATS Food Solutions CEO Kerry Mok.

Food City’s main asset is a food production facility in Pathumthani, Thailand, which could produce 90,000 ready-to-eat meals a day.

The acquisition is also expected to reduce food waste and increase productivity.

Upon completion of the acquisition, SATS would own interest in 32 meal production facilities across China, India, Indonesia, Japan, Macau, Malaysia, Maldives, the Philippines, Singapore and Thailand.

Follow the link s for more news on

SATS

food production

mergers and acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia