Fujicco expands global footprint with Thai food service acquisition

Fujicco Co., Ltd. announced a resolution to acquire shares of FB Food Service (2017) Co., Ltd. in Thailand, making it a consolidated subsidiary. Concurrently, Fujicco will establish a joint venture, FUJICCO FOODS ASIA CO., LTD. (FFA), with SBCS Group companies and Sojitz Corporation.

The acquisition, approved by Fujicco's board of directors on September 25, 2025, involves Fujicco directly acquiring 30% (981,000 shares) of FB Food Service, with FFA acquiring an additional 51% (1,667,700 shares). This brings Fujicco Group's total ownership to 81% (2,648,700 shares).

The total acquisition cost for Fujicco's direct stake is THB 93,900 thousand. This move aligns with Fujicco's "2025-2027 Medium-Term Management Plan," aiming to strengthen its core business and build a long-term revenue base through global expansion. FB Food Service specializes in manufacturing and selling frozen prepared foods to modern trade and restaurants in Thailand.

The transaction is expected to be finalized with the signing of the acquisition agreement in mid-October 2025, with the share transfer scheduled for November 3, 2025. FFA will be established with a capital of THB 13,000 thousand, with Fujicco holding a 49% stake.