DayDayCook hits acquisition trail again with GLI deal

DayDayCook (DDC), a Hong Kong-founded food business, has announced its second acquisition in recent weeks, agreeing to buy Italy’s G.L. Industry (GLI).

Like DDC, GLI produces Asian-style ready-meals.

On 26 December, DDC expanded its US footprint with the acquisition of Colorado-based Thai cuisine specialist Yai’s Thai.

The move for GLI, announced today (11 January), marks DDC’s entry into the European market. It sees DDC buying a controlling 51% stake in GLI for approximately $9.3m in cash over the next three years, plus an additional potential consideration of cash and stock based on the Italian company’s revenue and EBITDA over that period.

GLI produces ready-to-cook and ready-to-heat Asian foods for retail outlets and catering customers. The company distributes its products to more than 7,000 European retailers on a private-label basis, as well as under the GLI-owned Asiamama and Sushimama brands.


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