CPF will buy the remaining 23.8% stake from Itochu to take complete control of its agri-food unit. Itochu expects nearly US$888 million impact on FY2026 profits from the transaction.
Belgium-based processor selects Grand Forks over Wisconsin for major U.S. expansion.
The investment reflects the company’s confidence in Vietnam’s development potential and its long-term commitment to supporting the country’s growth.
The agri-tech firm moves to strengthen its footprint by buying stakes in key regional players.
The facility is to be located in Jeddah, with production aimed at Saudi and regional markets. The project is a joint venture with BRF and Saudi Arabia’s Halal Products Development Company