Kido to conduct an M&A deal in food sector This was announced by Tran Le Nguyen, the general director of Kido. Nguyen added that in 2018, Kido expects to achieve a breakthrough in business results with the aim to acquire VND12 trillion ($527.68 million) in revenue and VND800 billion ($35.2 million) in pre-tax profit, signifying increases of 68 and 40 per cent. According to Nguyen, this year, the company estimated to earn an additional VND2.5 trillion ($109.9 million) in revenue from instant noodles, beverages, and sauces. Especially, in the instant noodle segment, Kido will co-operate with an unidentified Thai firmto expand manufacturing and distributing operations. Besides, Kido will partner up with another Thai firm to establish a joint venture company specialising in manufacturing tea and drinks mixed with milk. Furthermore, in order to realise these targets, Kido spent massive efforts to integrate Vocarimex and Tuong An, which had different corporate cultures as well as working processes. The highlight of Kido’s business results last year was the soaring revenue thanks to the contribution of newly acquired Vocarimex and Tuong An. The highlight of Kido’s business results last year was the soaring revenue thanks to the contribution of newly acquired Vocarimex and… Read full this story
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