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ThaiBev Acquires Chinese Coffee Processor Dongguan LiTeng Foods

July 3, 2019: 12:00 AM EST
Singapore-listed Thai Beverage (ThaiBev) has acquired, through its indirect subsidiary Asiaeuro International Beverage (Guangdong), a 100 percent stake in Mainland China coffee processing and trading company Dongguan LiTeng Foods. The $43,571 acquisition marks the company’s first step into China’s coffee business. ThaiBev currently owns only one distillery in China producing Yulinquan Chinese spirits. In Thailand, the company has 173 subsidiaries, including 18 distilleries, 3 breweries and 11 non-alcoholic beverage production facilities. ThaiBev has also recently acquired equity positions in Myanmar whisky maker Grand Royal Group (GRG) and in Vietnamese food and beverage giant Sabeco.
Hock Meng Tay , "ThaiBev acquires China’s coffee company Dongguan LiTeng Foods", Deal Street Asia, July 03, 2019, © DEALSTREETASIA
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