Japan’s Marubeni becomes strategic partner of AIG

November 08, 2023 | 18:32

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Marubeni Growth Capital Asia Pte (MGCA), a subsidiary of the Marubeni group, acquired a significant minority stake in Vietnam-based Asia Ingredients Group (AIG) on November 6.

The partnership between one of Japan’s largest trading companies, with more than 160 years of history, and one of Vietnam’s top food suppliers and ingredient manufacturers is expected to open up development opportunities for the food and beverages (F&B) industry in the future.

Japan’s Marubeni becomes strategic partner of AIG

Nguyen Thien Truc, chairman of AIG, said, “We will work together with MGCA to quickly realise the group’s vision, which is to become a leading partner in high-quality ingredients and food products.”

“AIG is aiming to reach an international standard by providing the food industry with modern technical solutions and products with high nutritional value. We will develop our production technology and expand the distribution system for the domestic market, while introducing value-added products originating from Vietnamese agricultural products to the global market,” Truc added.

AIG is a pioneer in providing raw ingredients and comprehensive solutions for the F&B industry in Vietnam, and the company takes its cues from market consumption trends to research and create products that serve the ever-changing needs of consumers.

With its production, research, and supply ecosystems, along with its international reach, AIG invests in research centres, raw ingredient factories, and warehouse systems throughout Vietnam while developing a network of partners around the world.

“AIG is a leader in the food industry in Vietnam and is making strategic changes along multiple dimensions. MGCA is delighted to partner with AIG, and we are committed to rapid growth, leveraging the Marubeni ecosystem, and creating significant value together,” said Bharat Sarma, president and senior managing director of MGCA.

MGCA is an investment company focusing on consumer service industries, with headquarters in Tokyo and more than 130 branches and representative offices in 65 countries around the world. Last year, MGCA established the Next-Generation Corporate Development Division to capture growth opportunities in the consumer sector in Southeast Asia and the US, contributing to promoting 2030 goals and beyond.

This investment in AIG is the second investment in the F&B sector by MGCA in Southeast Asia, a sector that is being driven by mainstream consumer trends.