date:May 14, 2012
According to the Sunday Times of London, the Thai firm is up against private equity investors including Blackstone and BC Partners after first-round bids in the sale process were lodged on Friday, May 11.
CP Foods, which is Thailand's biggest food producer with annual sales of about 6 billion, already has sizeable operations in Britain. Its main office is near Kidderminster and it has a factory at Newmarket, where it makes own-label food for supermarkets including Tesco.
It is thought that C