Charoen Pokphand Foods $1.075 billion acquisition of Bellisio Foods

Overview:

• Thai agro-industrial and food conglomerate Charoen Pokphand Foods has acquired US-based frozen foods manufacturer Bellisio Foods in a $1.075 billion deal.
• Bellisio was sold by private equity firm Centre Partners.
• The purchase is Charoen's first foray into the US market.
• CPF funded the deal through internal cash.
• JPMorgan Chase served as financial adviser for CPF.
• The deal is expected to close within the next 180 days.

Kurt Stumpo - Journalist