Century Pacific Food buys China outlets for $2.56M

CENTURY Pacific Food Inc. (CNPF), the largest food canner in the Philippines, is poised to further expand its export market with its recent acquisition of distribution companies in China for $2.56 million or about P127.9 million.

In a statement, CNPF said it will sign an equity purchase agreement for 100 percent interest in the group of entities which currently distribute Century Tuna canned products in China.