This Aboitiz Foods, through Gold Coin Management Holdings Pte. Ltd. (GCMH), a wider specialty nutrition portfolio and stronger manufacturing capabilities.
The final purchase price is subject to customary closing adjustments such as cash, debt-like items, and working capital.
Management’s view
“Diasham has built a strong legacy and developed deep customer relationships over many decades; factors that mattered very much in our decision to engage in this transaction,” said Tristan Aboitiz, president and CEO of Aboitiz Foods.
“We look forward to carrying on the legacy and to working with the talented team at Diasham to continue to enhance the ways in which we add value to our customers’ businesses across the region,” he added.
Broader regional reach
Diasham has nearly five decades of experience and sells products such as feed additives, water-soluble products, injectables, and liquid products to customers across Asia-Pacific.
It also brings distribution networks in Thailand, Indonesia, China, Hong Kong, South Korea, Taiwan, the Philippines, Vietnam, Malaysia, and Bangladesh, strengthening Aboitiz Foods’ regional footprint.
This latest deal adds to Aboitiz Foods’ Asia expansion, following its entry into Vietnam more than a decade ago and the 2018 acquisition of GCMH, now its largest business outside the Philippines.
—Edited by Miguel R. Camus | Corrie S. Narisma
