Investcorp, China Resources and Fung Strategic Invest in Heritage Foods
June 30, 2021
Investcorp, in partnership with China Resources and Fung Strategic Holdings, announced an investment in Heritage Foods through its Asia Food Growth Fund I to support Heritage Foods as a buy-and-build platform for condiments and sauces across Asia. Heritage Foods is headquartered in Hong Kong, operates regional offices and manufacturing in Japan, Singapore and Malaysia, employs over 300 people, and owns historic brands such as Hamada Shoyu, Bidor Kwong Heng and Woh Hup Food. The investment is intended to back Heritage Foods’ bolt-on acquisition strategy and international expansion into retail and foodservice channels.
- Buyers
- Investcorp, China Resources (China Resources Capital Management), Fung Strategic Holdings Limited
- Targets
- Heritage Foods
- Industry
- Food & Beverage
- Location
- Hong Kong
- Transaction Type
- Buyout
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