Charoen Pokphand Foods Public Company Limited (SET: CPF) has reached an agreement to secure a controlling interest in a prominent Vietnamese producer of high-end juices and coffee, signaling a significant move into the regional beverage market. The acquisition, valued at approximately THB 336 million (VND 235,058 million), positions the Thai conglomerate to leverage high-growth segments and enhance its international export capabilities.
Under the terms of the deal signed on August 12, 2026, CPF’s wholly-owned subsidiary, C.P. Vietnam Corporation, purchased a 76.57% stake in Les Vergers Du Mekong Joint Stock Company (LVDM). The transaction involves the acquisition of 768,793 ordinary shares from two primary vendor groups: the Folliet Group, represented by Mr. Bernard Marie Folliet and the French firm Alize, and the Voisin Group, which includes Mr. Jean-Luc Voisin and several family members. Following the transfer, the Folliet Group and the Voisin family will retain minority holdings alongside existing shareholder Mr. Le Van Dong.
LVDM, established in 2000, operates a specialized production facility in the Mekong Delta city of Can Tho. The company is a key player in the Vietnamese HORECA (hotel, restaurant, and catering) sector, distributing a variety of premium non-alcoholic products—including fruit nectars, purées, jams, and coffee—under the Le Fruit and Folliet brands. Its reach extends across major supermarkets and department stores throughout Vietnam.
The target company has demonstrated a consistent upward trajectory in its financial performance leading up to the sale. Revenues rose from VND 126,988 million in 2023 to VND 199,332 million by the end of its 2025 fiscal year. During the same period, net profits nearly doubled, reaching VND 20,355 million. CPF utilized internal cash flow to fund the purchase, with the valuation determined through international benchmarking methods, such as the EV/EBITDA ratio.
The transaction is expected to conclude by mid-October 2026, pending the fulfillment of standard regulatory conditions and approvals. The group views the integration of LVDM as a vital step in diversifying its core food operations into the expanding beverage trade.
