Betagro Public Company Limited (BTG), a leading Thai food company, has announced its acquisition of Eggriculture, a prominent egg producer in Singapore, for S$75m. This strategic move is designed to strengthen Betagro’s presence in Singapore’s agri-food sector and align with the country’s ’30 by 30′ food resilience goal, which aims to produce 30% of its food locally by 2030.
The acquisition will see Betagro holding a 75% stake in Eggriculture, with Radiant Grand International Limited retaining the remaining 25%. Eggriculture, which held a 20% market share at the end of the 2024 fiscal year, has shown a robust revenue compound annual growth rate of 27.1% over the past three years. Betagro’s CEO, Vasit Taepaisitphongse, highlighted Singapore as a strategic market due to its emphasis on high-quality, safe, and sustainable food.
Betagro plans to leverage its extensive experience in the food industry to enhance Eggriculture’s operations, focusing on farm management, animal breeding, and advanced technology. The acquisition is expected to immediately improve Betagro’s financial performance and profitability, with a projected 400% revenue increase in Singapore by 2025.
Eggriculture’s CEO, Ma Chin Chew, expressed enthusiasm about the partnership, noting that it would enhance their production capabilities and support Singapore’s food security goals. The collaboration aims to capture synergies and broaden Betagro’s customer base across retail and HORECA channels, ultimately positioning the company as a leading regional player in the food industry.
