Asahi Group to buy Malaysian dairy firm

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asahi-breweryJapan’s Asahi Group Holdings Ltd said on April 10 that it would purchase Etika Dairies Sdn Bhd in Malaysia for $329 million to expand its operations in Southeast Asia.

The Japanese food and beverage group, which is well known for its beer in Japan, is seeking to boost condensed milk sales in the region through the acquisition of the subsidiary of Malaysian food giant Etika International Holdings Ltd.

Etika exports its dairy products to other Southeast Asian countries, the Middle East and Africa, and also operates in Vietnam and Indonesia, Asahi said in a statement.

In Southeast Asia, “dairy products, including condensed milk, has been deeply ingrained in the food and beverage culture for a long time and stable growth of the dairy market is expected into the future,” the Japanese company said.

Asahi Group is a holding company with five business segments. The alcohol segment manufactures and sells beers, western liquors, wines and distilled spirits. It also manufactures sells and maintains alcohol sales facilities, operates beer bars and restaurants, and processes malts and malt feeds, among others.

The beverage segment manufactures and sells various soft drinks. The food segment manufactures and sells foods and pharmaceuticals. The international segment manufactures and sells beers, milk and drinks in China, the UK, Australia and other Southeast Asia. This segment is also engaged in the farming and dairy businesses and the operation of golf courses.

Another segment is involved in the management of distribution centers, the transportation and warehousing businesses, the design and production of manufacturing equipment and the information processing business, among others.

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Reading Time: 2 minutes

Japan’s Asahi Group Holdings Ltd said on April 10 that it would purchase Etika Dairies Sdn Bhd in Malaysia for $329 million to expand its operations in Southeast Asia.

Reading Time: 2 minutes

asahi-breweryJapan’s Asahi Group Holdings Ltd said on April 10 that it would purchase Etika Dairies Sdn Bhd in Malaysia for $329 million to expand its operations in Southeast Asia.

The Japanese food and beverage group, which is well known for its beer in Japan, is seeking to boost condensed milk sales in the region through the acquisition of the subsidiary of Malaysian food giant Etika International Holdings Ltd.

Etika exports its dairy products to other Southeast Asian countries, the Middle East and Africa, and also operates in Vietnam and Indonesia, Asahi said in a statement.

In Southeast Asia, “dairy products, including condensed milk, has been deeply ingrained in the food and beverage culture for a long time and stable growth of the dairy market is expected into the future,” the Japanese company said.

Asahi Group is a holding company with five business segments. The alcohol segment manufactures and sells beers, western liquors, wines and distilled spirits. It also manufactures sells and maintains alcohol sales facilities, operates beer bars and restaurants, and processes malts and malt feeds, among others.

The beverage segment manufactures and sells various soft drinks. The food segment manufactures and sells foods and pharmaceuticals. The international segment manufactures and sells beers, milk and drinks in China, the UK, Australia and other Southeast Asia. This segment is also engaged in the farming and dairy businesses and the operation of golf courses.

Another segment is involved in the management of distribution centers, the transportation and warehousing businesses, the design and production of manufacturing equipment and the information processing business, among others.

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