Bangkok-headquartered Thai Union, a major frozen and canned seafood producer and marketer, has taken a 10 percent strategic investment valued at about THB 3 billion in R&B Food Supply (RBF), Thailand’s leading food ingredients company specializing in flavors, colors and coating. The investment follows a multi-year relationship between Thai Union and RBF in which RBF has been supplying high quality food ingredients for Thai Union products.
The strategic partnership accelerates Thai Union’s growth opportunities in the adjacent food ingredients industry, particularly to serve the increasing sophistication of ASEAN consumers. RBF’s ingredients catalog, including natural flavors and hemp extracts, can enhance both Thai Union’s core offerings and newer products, including in alternative proteins and pet food.
For RBF, the partnership will enhance its ability to integrate vertically into Thai Union’s supply chain, and leverage Thai Union’s global footprint for its own international expansion. With a shared vision for innovative food solutions, both companies will leverage their respective capabilities to generate additional value to our customers and stakeholders.
“One of our strategic priorities is to expand our portfolio into new, growing and higher margin areas, and this investment is fully aligned with that,” said Thai Union CEO Thiraphong Chansiri (pictured above). “For over three decades, RBF has stood out as a leading ingredients supplier to the food and beverage industry in Thailand, and we are excited to be a part of their journey. We look forward to working closely with the RBF team to unlock growth as, together, we continue to provide consumers with nutritious, tasty and innovative products across the globe.”
Somchai Ratanapoompinyo, chief executive officer of RBF added: “We believe that this partnership will leverage and strengthen both companies’ competitive advantages. Our expertise and extensive experience of over 35 years in the food ingredients business will enhance Thai Union’s product offerings. In return, Thai Union’s presence and reputation as a global player will help unlock RBF’s potential and accelerate our transition seamlessly from a regional player to become a global player in the food ingredients business.”
Thai Union is regarded as one of the world’s leading seafood producers, with annual sales exceeding THB 132.4 billion (US $4.2 billion) and a global workforce of over 44,000 people.
Bangkok-headquartered Thai Union, a major frozen and canned seafood producer and marketer, has taken a 10 percent strategic investment valued at about THB 3 billion in R&B Food Supply (RBF), Thailand’s leading food ingredients company specializing in flavors, colors and coating. The investment follows a multi-year relationship between Thai Union and RBF in which RBF has been supplying high quality food ingredients for Thai Union products.
The strategic partnership accelerates Thai Union’s growth opportunities in the adjacent food ingredients industry, particularly to serve the increasing sophistication of ASEAN consumers. RBF’s ingredients catalog, including natural flavors and hemp extracts, can enhance both Thai Union’s core offerings and newer products, including in alternative proteins and pet food.
For RBF, the partnership will enhance its ability to integrate vertically into Thai Union’s supply chain, and leverage Thai Union’s global footprint for its own international expansion. With a shared vision for innovative food solutions, both companies will leverage their respective capabilities to generate additional value to our customers and stakeholders.
“One of our strategic priorities is to expand our portfolio into new, growing and higher margin areas, and this investment is fully aligned with that,” said Thai Union CEO Thiraphong Chansiri (pictured above). “For over three decades, RBF has stood out as a leading ingredients supplier to the food and beverage industry in Thailand, and we are excited to be a part of their journey. We look forward to working closely with the RBF team to unlock growth as, together, we continue to provide consumers with nutritious, tasty and innovative products across the globe.”
Somchai Ratanapoompinyo, chief executive officer of RBF added: “We believe that this partnership will leverage and strengthen both companies’ competitive advantages. Our expertise and extensive experience of over 35 years in the food ingredients business will enhance Thai Union’s product offerings. In return, Thai Union’s presence and reputation as a global player will help unlock RBF’s potential and accelerate our transition seamlessly from a regional player to become a global player in the food ingredients business.”
Thai Union is regarded as one of the world’s leading seafood producers, with annual sales exceeding THB 132.4 billion (US $4.2 billion) and a global workforce of over 44,000 people.
