New York, January 24 (FinanceEnquiry.com) - Thailand’s largest agribusiness company, Charoen Pokphand Foods Pcl, may see sales of around $9.55 billion in 2012 because of a $2.1 billion acquisition of Hong Kong-based C.P. Pokphand Co, agreed in November 2011. CP Foods, which agreed to acquire a 74.2 percent stake in C.P. Pokphand, is being advised by UBS AG and Asia Plus Securities on the deal.

After the acquisition, CP Foods will be able to expand in Vietnam and around 28 provinces in China. It will also help the company in maintaining a better relationship between it's animal feeds and farming businesses.

The company, established in 1987, will become the top-rated livestock and aquaculture company in the Asia-Pacific region after the deal closes. C.P. Pokphand, which operates under the name of Chia Tia, is the second largest animal feed company in China.

CP Group, which owns CP Foods, is one the Asia’s largest agribusiness player and majorly operates agro-Industrial and food-based products, such as animal feed, processed foods and ready-made meals. The group is now looking forward to investing in the emerging markets of India, Turkey and Russia where the food demand is growing.