Marubeni, through its Singapore-based subsidiary Marubeni Growth Capital Asia (MGCA), has acquired additional shares in AIG Asia Ingredients (AIG).
The stake purchase is expected to further strengthen the strategic partnership between the two companies, after their initial investment in October last year.
AIG is a Vietnam-based supplier and manufacturer of food ingredients and packaged food products that plays a key role in the country’s food market.
The company provides a diverse range of food and functional ingredient solutions, including speciality and high-value nutritional ingredients for branded packaged food and beverages.
AIG develops food ingredient solutions at its in-house innovation centre, addressing the growing consumer demand for convenience and healthy foods.
Furthermore, the company’s business and product portfolio continues to expand as its operational capability extends beyond distribution to manufacturing and innovation.
Marubeni, in its statement, said: “Since its initial investment, Marubeni has been a strategic business partner working with AIG on its long-term strategic plan, expanding its natural food ingredients portfolio and new business development initiatives.
“Through this collaboration, Marubeni has gained additional confidence in AIG’s strategy to build on its solid business foundation, extensive customer network, and high growth potential through portfolio expansion.”
Marubeni believes that there is a strong connection between AIG and the strategic direction of its Next Generation Corporate Development (CD) Division, established in 2022.
The Japanese company said the acquisition of additional shares further strengthened the strategic partnership with AIG.
MGCA has been focusing on food products and the food and beverage sector as one of its key areas in Southeast Asia.
With AIG as a gateway investment, it will support AIG’s growth strategy and capture the growth of the food market in Southeast Asia and Vietnam, said Marubeni.
