Westbridge Food Group bought by Thai firm for £60M
Frozen and ready meals manufacturer Westbridge Food Group was acquired by CPF Investment last month (April 5), a wholly-owned subsidiary of Thai firm Charoen Pokphand Foods, for about £60M.
Food conglomerate Charoen Pokphand Foods manufactures animal feed, cooked meats and processed meat.
The Thai business said the deal with Westbridge Food Group would increase export opportunities to the UK and continental Europe.
Charoen Pokphand Foods chairman of the executive committee Adirek Sripratak said: “The investment in Westbridge Food Group will allow [us] to expand [our] distribution network to retail, foodservice and food manufacturers in the UK and the EU countries, which have a high potential.