Upon completion of the transaction, Bellisio and its subsidiaries (together referred to as Bellisio Group) will become subsidiaries of CPF. Bellisio's flagship brand Michelina is one of the most successful brands in the frozen food markets of North America. CPF reported third-quarter revenue of 123 billion baht, up 10% year-on-year, and a net profit of 5.18 billion baht, up 45%. The company said revenue during the first nine months of the year reached 345 billion baht, up 11% year-on-year, with net profit rising 36% to 13 billion baht. CPF shares closed yesterday on the SET at 27.75 baht, down one baht, in heavy trade worth 3.2 billion baht.

Source: Bangkok Post November 17, 2016 23:59 UTC