Food consumer brand DDC Enterprise Limited (DDC) or DayDayCook, Tuesday said that it has agreed to acquire Ready-To-Eat Thai food brand, Yai's Thai, in a cash and stock deal.
DDC said that the acquisition will help to expand its presence among key food retailers.
Yai's Thai expects revenue of $8 million to $10 million for fiscal year 2023. It expects continued growth in 2024.
Currently, DDC's stock is falling 0.42%, to $4.73 on the New York Stock Exchange.
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