Aboitiz Foods has completed the acquisition of Diasham Resources Pte. Ltd., a move that expands the company’s specialty nutrition business and strengthens its regional manufacturing footprint, the company said on Monday.

The acquisition was carried out through Gold Coin Management Holdings Pte. Ltd., a subsidiary of Aboitiz Equity Ventures Inc.. The transaction involved the full equity acquisition of Diasham, subject to customary closing adjustments related to cash, debt-like items, and working capital.

Diasham, a Singapore-based manufacturer and distributor of animal nutrition and health solutions, has nearly five decades of experience in the industry. Its product portfolio includes feed additives, water-soluble products, injectables, and liquid solutions, serving customers across the Asia-Pacific region.

The company has established distribution networks in key markets such as Thailand, Indonesia, China, Hong Kong, South Korea, Taiwan, the Philippines, Vietnam, Malaysia, and Bangladesh, further strengthening Aboitiz Foods’ regional presence.

“This acquisition gives us a more complete range of products and solutions to offer our customers across the region,” said Tristan Aboitiz, President and CEO of Aboitiz Foods. “Diasham has built a strong legacy and developed deep customer relationships over many decades; factors that mattered very much in our decision to engage in this transaction. We look forward to carrying on the legacy and to working with the talented team at Diasham to continue to enhance the ways in which we add value to our customers’ businesses across the region.”

The acquisition builds on Aboitiz Foods’ expansion in Asia, following its initial international investment in Vietnam more than a decade ago and its 2018 acquisition of Gold Coin Management Holdings, which now represents the company’s largest operations outside the Philippines.