Proterra Investment Partners Asia has made its largest investment to date through its Proterra Asia Food Fund 3 (PAFF3), in Lanna Agro Industry (LACO), Thailand鈥檚 leading producer and exporter of frozen edamame.
LACO, founded over 30 years ago, has partnerships with customers, in Japan and the US.
Following the investment, Proterra has appointed Khun Apirak Kosayodhin as chief executive officer and Rojcharek Ruechai as chief financial officer to oversee LACO鈥檚 strategy and operations. The appointments are part of a planned transition to allow the founding family to step back from day-to-day management.
The new leadership team will focus on a growth strategy that includes expanding into new international markets and strengthening the company鈥檚 position in Japan.
Tai Lin, managing partner at Proterra Asia, said: 鈥淭his investment reflects our strategy of backing trusted operators across Asia鈥檚 food value chain who are positioned for long-term growth. We鈥檙e looking forward to working with the new leadership team and the founding family to grow LACO鈥檚 international presence and deepen its positive impact across the supply chain.鈥�
Lin said Proterra would support Lanna Agro鈥檚 expansion into Europe and North America鈥攎arkets experiencing growing demand for healthy snacks and plant-based foods.
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