DayDayCook Announces Agreement To Acquire American Ready-To-Eat Thai Food Brand Yai's Thai; Financial Terms Not Disclosed
Portfolio Pulse from Happy Mohamed
DayDayCook (DDC) has agreed to acquire Yai's Thai, a leading Thai American ready-to-eat food brand. The acquisition, financed through cash and stock, aims to expand DDC's U.S. presence. Yai's Thai expects revenues of $8M-$10M in 2023 and is sold in over 4,500 stores. The deal is subject to customary closing conditions and should complete by year-end. Both companies share values like natural ingredients and Asian cooking culture promotion.
December 26, 2023 | 2:18 pm
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DDC's acquisition of Yai's Thai is expected to enhance its U.S. market presence and aligns with its strategy to promote Asian cooking culture. The deal is financed through cash and stock and is expected to close by year-end.
The acquisition of Yai's Thai is likely to have a positive short-term impact on DDC's stock price as it represents a strategic expansion into the U.S. market, which could lead to increased revenues and market share. The positive outlook on Yai's Thai's growth and presence in major retailers like Costco and Whole Foods Market suggests potential for revenue growth, which investors may view favorably. However, the lack of financial terms disclosed adds some uncertainty to the exact impact on DDC's financials.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90