US restaurant and seafood group Phillips Foods has acquired a seafood plant in Vietnam.
The central Khanh Hoa province-based Hai Vuong company sold its seafood plant to Phillips for an undisclosed sum, reported the Vietnam Economic News. The plant covers 7,200m2 and will be used to process crab meat and seafood harvested off the Asian coast.
The deal gives Phillips its thirteenth location, of which 11 are overseas.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now