Japan-based seafood conglomerate Umios Corporation has entered into a capital and business alliance with Thailand-based Pataya Food Industries Limited.
Umios said it entered the agreement along with its group company Kingfisher Holdings Limited, and that the new alliance positions Thailand as a “development and processing” base for the company. Umios said it acquired 25.1 percent of outstanding shares in Pataya, a company that describes itself as a leading shelf stable seafood manufacturer and distributor.
“This alliance will expand its portfolio and sales channels for processed foods and other products in Asia, promoting the glocal strategy outlined in its long-term vision,” Umios said in a release.
Pataya Food Group (PFG), the company that grew out of Pataya Food Industries and includes other operations outside Thailand, supplies a range of different seafood products to multiple markets, including pet foods and tuna products.
According to a release from the company, revenue in 2025 was roughly USD 220 million (EUR 190 million), or “over THB 7 billion (USD 210 million, EUR 182 million),” with 65 percent of that coming from overseas markets and 40 percent of it coming from branded-product businesses.
According to Thailand’s Department of Business Development, Pataya Food Industries – the original company that later evolved into PFG – had total current assets of THB 4 billion (USD 122.2 million, EUR 105.8 million).
Pataya Food Group CEO Sudathip Kiatsrichart said the company has developed over the years and become fully integrated across product development, innovation, production, distribution, and branding. Its current portfolio of brands includes Nautilus, Mongkut Talay, and Sea Crown, as well as pet food brands Regalos and Remy.
“Furthermore, PFG is expanding into the health and nutrition food sector, including pet food, to meet evolving consumer demands, particularly those focused on nutrition, convenience, and sustainability,” the company said in a release.
Both companies said the partnership will be beneficial, and PFG said it is targeting an average annual growth rate of 10 percent over the next three years through international market expansion, and due to its capitalization on the rising pet food trend.
“At PFG, we believe that sustainable growth requires creating measurable value alongside financial performance, which means growing together with consumers, partners, and society,” Sudathip said. “This collaboration is a joint step in shaping the future of the food industry with innovation and responsibility, guided by our shared mission of ‘Enriching People's Lives’.”
The purchase marks the second this year that Umios has made in Southeast Asia that involves pet food. In June, the company purchased a 51 percent stake in Pet World International, a major supplier of pet food in Malaysia and Southeast Asia. Umios said that purchase was intended to capitalize on the pet food market, which is projected to expand at a 5 to 7 percent compound annual growth rate.
