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Business

CP Foods buys German meat supplier to widen EU access

$13.6m deal gives the Thai group a bigger poultry import quota

CP Foods wants a bigger slice of the European meat market.

BANGKOK -- Thailand's Charoen Pokphand Foods has agreed to acquire German meat supplier Paulsen Food for 12 million euros ($13.6 million), aiming to raise its profile in a European poultry market that ranks as the world's third-largest. 

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