Umios Corporation today announced its decision to enter into a capital and business alliance with Pataya Food Industries Limited (hereinafter “PFI”), a leading Thai seafood manufacturer. Umios will undertake the alliance together with its Group company Kingfisher Holdings Limited.
The Umios Group positions Thailand serving as a development and processing hub that supplies products globally. The alliance will expand the Group’s portfolio of processed foods and other products, as well as its sales channels in Asia, advancing the glocal strategy set out in its long-term vision.
1. Strategic Reasons for the Capital and Business Alliance
Since its founding, the Umios Group has built its business on the sustainable sourcing and processing of raw materials derived from the seas and oceans. It has consistently delivered value through food, from manufacturing safe and reliable products to establishing quality assurance and distribution systems.
Through this capital and business alliance, the Umios Group and PFI will draw on their combined expertise, brands, and sales networks to expand the reach of their processed foods across Thailand and other Asian markets.
2. Overview of the Capital and Business Alliance
Acquisition of 25.1% of PFI’s issued shares
3. Overview of Pataya Food Industries Limited
Date of Incorporation: May 17, 1979
Representative: Sudatip Kiatsrichart, Managing Director
Head Office: No. 1011 Supalai Grand Tower, 27th Floor, Rama 3 Road, Chongnonsi, Yannawa, Bangkok 10120, Thailand
Business: Production and sale of shelf-stable food products and pet food, primarily using tuna, both as an OEM manufacturer and under its own brands. With production facilities in Thailand and Vietnam, PFI serves markets worldwide, with a focus on Thailand and the rest of Asia.
Capital: 280 million Thai baht
The Umios Group is transforming into a visionary company providing solutions to promote the health of people and the planet through food, inspired by the ocean to create new value for a brighter future. Its long-term vision is to maximize value creation by expanding a consumer-driven value cycle on a glocal basis. This alliance will further advance the Group’s glocal strategy in Asia.
