Thai ice-cream maker Hawell's seeks buyer as founder pursues monastic life

The founder of Hawell's, a well-established Thai ice-cream brand, has placed the company on the market with a price tag of 165 million baht as he prepares to step away from the business world. The decision to sell marks a significant transition for the entrepreneur, who has committed to pursuing a spiritual path by entering the monkhood.

The timing of the sale aligns with the founder's long-held personal goal to renounce worldly life and embrace monastic practice. Rather than continue managing the ice-cream business, he has opted to seek a buyer who can take the company forward while he pursues his spiritual aspirations.

Hawell's has established itself as a recognizable player in Thailand's ice-cream market. The sale presents an opportunity for potential investors or larger food and beverage companies to acquire an established brand with an existing customer base and distribution network.

The asking price of 165 million baht reflects the company's market position and operational assets. Interested buyers can expect to acquire both tangible assets and the brand equity that Hawell's has built within the Thai ice-cream sector.