CPF partners with Japan’s NH Foods in US$55m pork-processing venture
The new company will produce and sell pork products in Thailand and other Asian markets.
JAPAN – Thailand’s Charoen Pokphand Foods (CPF) has entered into a joint venture with Japan’s NH Foods to develop and supply processed pork products across Asia.
In a filing to the Stock Exchange of Thailand on 29 October, CPF said the partnership will focus on producing and distributing pork-based products for sale in Thailand and key export markets, including Japan, Singapore, and Hong Kong.
The collaboration will operate under the name CPF NH Foods and will be managed through CPF’s wholly owned subsidiary, CPF Food and Beverage (CPFFB).
CPF will hold a 51% stake in the joint venture, while NH Foods will own the remaining 49%.
The business will be established with a total registered capital of approximately US$55.7 million, equivalent to around US$9.3 million in initial investment.
According to the filing, CPFFB will contribute roughly US$28.4 million, with NH Foods providing about US$27.3 million, and the transaction is expected to be completed in November.
Expanding processed food operations
CPF described the deal as a strategic collaboration combining its regional distribution capabilities and raw material resources with NH Foods’ product development and manufacturing expertise.
The company added that the move will support its goal of expanding its processed food segment beyond Thailand into other Asian markets, particularly Japan.
Upon finalisation, CPF NH Foods will take over CPFFB’s ready-to-eat production facility in Chachoengsao province during the first quarter of 2026.
The plant acquisition is intended to streamline production under the new partnership and strengthen the company’s capacity to serve both domestic and export markets.
CPFFB currently manufactures and distributes a range of ready-to-eat products through six factories located in Thailand.
NH Foods’ global presence
NH Foods, founded in 1942, operates in 16 countries and maintains 202 sales offices worldwide.
The company is publicly listed on the Tokyo Stock Exchange and has been expanding its international operations through acquisitions.
In December 2024, NH Foods agreed to acquire US-based poultry processor LJD Holdings Group, the parent company of Mountain View Packaging and Tamarack Foods.
LJD Holdings specialises in producing processed chicken products for the United States market.
Through its new partnership with CPF, NH Foods aims to strengthen its footprint in Asia’s processed meat sector, a region where demand for ready-to-eat products continues to grow.
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