i-Tail Corporation PCL will hold 100 percent of the share in i-Tail Americas, Inc.
Thai Union creates i-Tail Americas, Inc. as a new subsidiary
(THAILAND, 1/7/2022)
This new subsidiary, which falls under the company’s i-Tail Corporation, was set up with a registered capital of USD 5 million and will acquire the company’s existing pet food business in the US.
BANGKOK — Thai Union Group PCL’s subsidiary, i-Tail Corporation PCL, recently set up i-Tail Americas, Inc. in the US with a registered capital of USD 5 million. This newly established company will acquire the shares of US Pet Nutrition, a company that sells and distributes pet food, from Thai Union North America Inc. in the US.
This investment is an important move in Thai Union Group’s PetCare business, and follows the launch of i-Tail Corporation PCL last year to better serve the company’s fast growing pet food business and lead it’s ongoing development and expansion.
“Thai Union’s PetCare business has seen strong annual growth over the past few years, especially under the pandemic when people adopted more pets and spent more money taking care of, and feeding, them. The establishment of i-Tail Americas will give us greater flexibility in managing our business as both domestic and global markets are growing strongly,” said Roy Chan, CEO at i-Tail Corporation PCL, “At i-Tail, we are committed to healthy living for all pets, and our Thai Union’s Global Innovation Center has been leading the way in Global PetCare Innovation and product development.”
i-Tail Corporation PCL will hold 100 percent of the share in i-Tail Americas, Inc.
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72/1 Moo 7, Sethakit 1 Road, Tambon Tarsrai
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Amphur Muangsamutsakorn
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Samutsakorn (74000)
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Thailand
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[email protected]
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