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Post Today: PACE buys Dean and Deluca

18 November 2014

Mr. Sorapoj Techakraisri, Chief Executive Officer of PACE Development Corporation reveals that the company has signed an agreement worth 140 million USD or around 4,550 million baht in acquiring all business of Dean & DeLuca, global gourmet food-and-beverage retailing business, which has stayed in market for almost 40 years. The funding for the acquisition is the combination of PACE internal cashflow US$ 25 million as well as a loan from Siam Commercial Bank plc for US$ 115 million.