Charoen Pokphand Foods Plc CPFThailand's largest food producer has acquired one of the largest ready made food producers in the US. The company, named Bellisio Group, makes meals under several brands including Michelina's, Boston Market, Chili's, Atkins, EatingWell and EAT!. The company is the third largest maker of so-called "single-serve frozen entrees" in the US and is also the leader in the same market segment in Canada.

The cost of the acquisition was This is according to the CP Group's statement to the Stock Exchange of Thailand SET on Thursday.

With four facilities in the US, Bellisio has "deep strategic relations" with leading American retailers. The company distributes its products to more than half of the US within 24 hours and nationwide within 48 hours from its Ohio facilitythe statement said. The company also has eyes on Bellisio's nationwide distribution network and relationship with key retailers to distribute CPF's products. Longer- term, CPF expects more synergies between the two companies and benefits from joint operation of the two businesses.

This includes the expansion of retail distribution channels using CPF's relationship with key retailers and the leverage of CPF's expertise and network in Asia and overseas to penetrate the Asian food segment. Click "play" to listen to CP buys 3rd largest US frozen meal company and "Download" to keep this file for educational purpose.

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