SATS Ltd has announced the completion of its acquisition of the remaining 15% stake in SATS Food Solutions (Thailand) Co. Ltd from Bangkok Ranch Public Company Limited for approximately S$3.4m. This move, finalised on 31 January 2025, enhances SATS’ control over its operations in Thailand, a strategic hub for food production.
The acquisition is a significant step for SATS as it aims to streamline governance and decision-making within SATS Food Solutions Thailand (SFST). This comes at a crucial time as SFST is expanding its production capabilities to meet the rising demand in both aviation and non-aviation sectors. The company is currently constructing a new facility in Pathum Thani, which will increase its production capacity to 108,000 meals daily by the end of 2025.
SFST operates as SATS’ regional strategic food manufacturing hub, leveraging Thailand’s robust food ecosystem and infrastructure. This expansion aligns with SATS’ strategic partnership with Mitsui Co., Ltd, which will see Mitsui taking a 15% stake in SFST. This collaboration aims to combine SATS’ production capabilities with Mitsui’s distribution network to accelerate growth.
Stanley Goh, CEO of Food Solutions at SATS, stated, “This milestone with SFST gives us the agility to fully capitalise on our expanded operational scale and drive our partnership with Mitsui.”
The acquisition underscores SATS’ commitment to strengthening its position in Asia’s food services market, capitalising on Thailand’s culinary heritage and strategic location.
