AIG Asia Ingredients Corporation (“AIG”, the “Company”) announced on 06 November 2023 that Marubeni Growth Capital Asia Pte. Ltd. (“MGCA”), a wholly owned Singapore-based subsidiary of Marubeni Corporation (“Marubeni”, TSE: 8002), one of Japan’s largest conglomerates with more than 160 years of history, has become a strategic partner of AIG via the acquisition of a significant minority interest in the Company.
Asia Ingredients Group (AIG), the leader in the Vietnamese food industry, has been on a remarkable 22-year development journey since its establishment in 2001 and has evolved into a leading group serving as a reliable partner for its customers, which include major players in the Vietnamese food industry. AIG’s journey in the industry is marked by expanding its global network of partners and making significant investments in innovation centers and food ingredient manufacturing facilities. AIG has also meticulously developed a widespread national distribution network that seamlessly connects various sectors of the business, creating a comprehensive ecosystem that encompasses supply chain management, manufacturing, research, logistics, and international business operations.
AIG focuses on research and innovation, leveraging deep insights into evolving market consumption trends. This allows AIG to create high-nutrition ingredients and products that meet the ever-changing demands of consumers. AIG’s dedication to tailoring ingredient solutions aligns perfectly with AIG’s commitment to enhancing the production and marketing of packaged food products, solidifying their position as a leader in the food industry.
Marubeni, headquartered in Tokyo with a presence in over 65 countries and more than 130 branches and offices worldwide, established the Next Generation Corporate Development Division in 2022 to capture the growth of consumer businesses in Southeast Asia and the US, aiming to build a new consumer platform to help drive Marubeni’s growth in 2030 and beyond. MGCA is an investment platform focused on investing in the consumer sector in Southeast Asia. The investment in AIG is the second investment in the Food & Beverage sector by MGCA. MGCA will continue to focus on the Food and F&B services sector in Southeast Asia which is driven by key underlying consumer trends and it remains committed to creating value with its investee companies within the sector.
“AIG is dedicated to its mission of transforming into a prominent Vietnamese multinational corporation, poised to revolutionize the food industry with advanced technological solutions, premium nutritional ingredients, and innovative food products. Our commitment to advancing production technology and expanding our distribution network is geared towards serving Vietnam’s thriving domestic market, boasting over 100 million consumers. Furthermore, our vision includes the introduction of high-value products derived from Vietnam’s rich agricultural resources to the global stage.” – Mr. Nguyen Thien Truc, Chairman of Asia Ingredients Group (AIG).
Marubeni’s partnership is a strong validation of our 22 years of development and contribution to the growth of Vietnam’s food industry. We look forward to working with MGCA to expedite our vision to become the go-to partner for high-quality food-related ingredients, products and services.”
Mr. Bharat Sarma, President and Senior Managing Director of MGCA, said: “Food and functional ingredients play an increasingly critical role in the food sector and catering to better-for-you consumer trends and changing lifestyles. AIG is a leader in the food industry in Vietnam and it is strategically transforming along multiple dimensions – innovation, solution development, natural foods and branded packaged food products. We believe in forming true partnerships with founders and management teams to sustainably accelerate their transformation to become better businesses in the long-term. We are delighted to partner with AIG and are committed to rapid growth, leveraging the Marubeni ecosystem, and creating significant value together.”
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