Thailand's Richest Man Is Set to Buy This American Food Giant in a $1B Deal

[JLCrab]

I used to enjoy Michelina's when you needed something to eat and didn't want to or couldn't cook. Not everyday but in a pinch. no big deal.

[tukkytuktuk]

Looks like the microwave meals selection at the 7/11 are to increase in variety. Good news for expats. Not good news for fast food restaurants.

[IAMHERE]

2 hours ago, jonclark said:

 

Sorry my mistake - Clearly foreign investments are bad for an economy - My bad. 

 

Not bad, just doesn't do anything for the American economy such as create jobs or cause more taxes to be paid. The jobs were already created, that is what the Thai guy is buying; jobs and goodwill with the government officials that reside in the regions those jobs currently are.

[seancbk]

44 minutes ago, JLCrab said:

I used to enjoy Michelina's when you needed something to eat and didn't want to or couldn't cook. Not everyday but in a pinch. no big deal.

I cook at home quite often, but sometimes I either don't have time or I can't be bothered so I will grab something from MaxValue and chuck it in the microwave.  

I like the CP Group meals, especially the Penang pork curry and rice.   I usually chop up and microwave a small head of broccoli to go with it so I'm getting some veggies.

Not the best meal but does at a pinch.

[newnative]

It's not really a food 'giant' if it's worth only 1B dollars.  Let's watch the hype.

[Brer Fox]

4 hours ago, chiang mai said:

 

For goodness sake! The man's not an investor he's someone who has built a business empire that now needs to grow past Thailands borders hence he's now competing globally. I'm sorry to ruin your opportunity to bash all things Thai but you simply don't understand the picture!

You miss my point completely but I suppose churlish criticism is better than nothing at all. My post was not a Thai bash it was simply saying what factual evidence is pointing to. You should read broader newsheets other than the Chiang Mai Mail.

I am not commenting on what or who Charoen is. I am simply saying there is mounting evidence to suggest that there are better and more secure financial returns for Thai investors outside Thailand rather than from within. It is in nearby countries like Myanmar, Cambodia and Vietnam that Thai money is going. Probably for similar reasons that foreign investors are going to these same countries rather than Thailand. Like for example greater productivity, tax breaks on business start-ups and sovereign risk.

 

For example BigC stores in Vietnam have now been acquired by a large Thai company.

http://www.thanhniennews.com/business/frances-casino-agrees-to-sell-vietnam-unit-to-thailands-central-61679.html

 

Also Thai warehouse developer Hemaraj is investing heavily in Vietnam.

http://www.thanhniennews.com/business/thai-developer-hemaraj-plans-2-industrial-parks-in-central-vietnam-61859.html

To quote from the above story. 

 

"Cambodia, Myanmar and Vietnam are the newly-targeted markets of Thailand's warehouse developer WHA Corp (which acquired Hemaraj in November last year) for expansions over the next five years."

 

 

[Thechook]

57 minutes ago, Enoon said:

 

Nothing "off the cuff" here, all part of the Master Plan.

 

March 2014:

"Thailand's CP Foods aims for foreign ops to make up 75 percent of revenue"

"The company wants overseas revenue to make up 75 percent of the total by 2018 from 65 percent now"

"CPF, which aspires to be the kitchen of the world, has been present in Vietnam, the Philippines and

Malaysia for more than 20 years, as well as in China, India, Russia and Turkey."

 

And the UK:  http://www.cpfoods.co.uk/ (Factory in Newmarket, products in Co-Op)

 

"With vision to be “Kitchen of the World”, the company is committed to fulfill the longing of quality food products that are nutritious, hygienic and with food safety integrity from consumers whose satisfaction and habit have change from time to time."

 

http://www.cpfworldwide.com/contents/investors/download/ir-newsletter/M-news0414.pdf

 

 

 

5555 quality food it definately isn't.  

[elgordo38]

6 hours ago, chiang mai said:

 

For goodness sake! The man's not an investor he's someone who has built a business empire that now needs to grow past Thailands borders hence he's now competing globally. I'm sorry to ruin your opportunity to bash all things Thai but you simply don't understand the picture!

Yes so true all due to the fact that almost free money is churning around the system looking for a home. A smart move though as the US economy will be the last one standing. With all this funny money floating around I can see where bartering a chicken will become the norm again. 

Edited November 18, 2016 by elgordo38

[chiang mai]

28 minutes ago, Brer Fox said:

You miss my point completely but I suppose churlish criticism is better than nothing at all. My post was not a Thai bash it was simply saying what factual evidence is pointing to. You should read broader newsheets other than the Chiang Mai Mail.

I am not commenting on what or who Charoen is. I am simply saying there is mounting evidence to suggest that there are better and more secure financial returns for Thai investors outside Thailand rather than from within. It is in nearby countries like Myanmar, Cambodia and Vietnam that Thai money is going. Probably for similar reasons that foreign investors are going to these same countries rather than Thailand. Like for example greater productivity, tax breaks on business start-ups and sovereign risk.

 

For example BigC stores in Vietnam have now been acquired by a large Thai company.

http://www.thanhniennews.com/business/frances-casino-agrees-to-sell-vietnam-unit-to-thailands-central-61679.html

 

Also Thai warehouse developer Hemaraj is investing heavily in Vietnam.

http://www.thanhniennews.com/business/thai-developer-hemaraj-plans-2-industrial-parks-in-central-vietnam-61859.html

To quote from the above story. 

 

"Cambodia, Myanmar and Vietnam are the newly-targeted markets of Thailand's warehouse developer WHA Corp (which acquired Hemaraj in November last year) for expansions over the next five years."

 

 

Churlish!

 

When you fall in a hole, just get out and carry on, don't try digging the hole deeper.

[mallyrd]

4 hours ago, GAZZPA said:

Frozen food can be fast food, have you heard of microwaves? And why on earth would a businessman want to buy into political nonsense regarding the boycott of shrimp/ fish products? And just because a Thai owns the company what makes you think he will be immune to the boycott? Perhaps you should read and have a think before typing.

 

I would imagine that the commercial viability of the company stacks up and looks attractive to a business savvy billionaire, it will be as simple as that. if not he would not be slapping a billion usd on the table.

 

Seems to be an ever growing trend of foreign companies buying up Western companies. In my view it is a worrying trend and the World needs a bit of balance before the West loses its grip on the World stage.

Why should the West be considered the dominant force in this matter. The balance you refer to should be a balance between the East and the West, not dominance of the West.

[chilli42]

"Food Giant" for $1 billion ... food pip squeak at that size.

[GAZZPA]

On November 18, 2016 at 1:13 PM, mallyrd said:

Why should the West be considered the dominant force in this matter. The balance you refer to should be a balance between the East and the West, not dominance of the West.

I didn't say it should, read my post again, i used the word balance as you did.