Thai functional beverage firm takes US$4m stake in coconut processor

By Gary Scattergood

- Last updated on GMT

©iStock
©iStock
Thailand functional beverages manufacturer Sappe has taken a 40% stake coconut processor Coconut Factory Co Ltd for US$4 million. 

Sappe will buy 672,000 ordinary shares at US$3.11 each. Coconut Factory Co owns All Coco Company, which manufactures coconut-based beverages, and K Best Farm Company, which exports more than 20m coconuts annual to 20 countries.  

The share purchasing is expected to be completed by October this year.

Sappe is a Thai functional beverage and powders manufacturer with a special focus on beauty-conscious consumers.

Last month in launched it new soy peptide formula under its Preaw Coffee brand.

The instant coffee also contains gingko and multivitamins that the firm claims help improve cognitive function. It’s six-formula flagship Sappe Beauti Drink has been on the market for 10 years.

Sappe's chief executive Piyajit Ruckariyapong said the Coconut Factory deal would help expand the company's fruit juice portfolio, which contributed 60% of its total revenue last year.

He also said it was to tap into the growing global demand for coconut water, although claims of its nutritional benefits remain contested​.

Related news

Related products

show more

Krill oil supports six key areas of healthy aging

Krill oil supports six key areas of healthy aging

Content provided by Aker BioMarine | 26-Feb-2024 | White Paper

The global population is getting older—according to WHO by 2050 the world’s population over 60 years will double and the population above 80 years will...

Nootropics Report 2.0: Brain Health Insights

Nootropics Report 2.0: Brain Health Insights

Content provided by dsm-firmenich | 22-Feb-2024 | Insight Guide

The brain health market is constantly growing and evolving, with more consumers looking for innovative ways to support total mind and body wellness.

Revolutionizing Brain Health with BioKesum®

Revolutionizing Brain Health with BioKesum®

Content provided by Biotropics Malaysia | 20-Feb-2024 | Data Sheet

Revitalize the nootropic industry with new clinically proven herbal extract from Kesum leaves shown to improve executive memory, mood and brain markers...

Related suppliers

Follow us

Products

View more

Webinars

Nutra Champions Podcast

Nutra Champions Podcast