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Manila Bulletin devider Business devider The Stock Market devider Aboitiz Group consolidates food and agribusiness units

Aboitiz Group consolidates food and agribusiness units

Published Aug 21, 2024 05:35 am

Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is consolidating its food and agribusiness units held by Pilmico and Gold Coin Management Holdings Inc. into the unified corporate brand Aboitiz Foods.

Pilmico is one of the leading flour and feed manufacturers and meat producers in the Philippines while Gold Coin is a pioneer in animal nutrition and the manufacturing of scientifically balanced animal feed in Asia.

Aboitiz Foods said in a statement that, “This strategic move leverages the combined strengths of these industry leaders to create an integrated agribusiness and food ecosystem dedicated to nourishing Asia's future across the entire value chain.”

With combined expertise in trading, feed, specialty nutrition, and food production, Aboitiz Foods said it is strategically positioned to become a dominant force in the region. 

The company's 29 facilities span eight countries—the Philippines, China, Vietnam, Malaysia, Indonesia, Singapore, Thailand, and Brunei—allowing it to meet the diverse and evolving needs of customers and consumers across Asia.

"This significant milestone represents a new chapter in our journey to sustainably feed Asia’s growth from mill to meal," said Aboitiz Foods President and CEO Tristan Aboitiz. 

He added that, “Building on the 100-year legacy of the Aboitiz Group, we are committed to optimizing all our processes and businesses, constantly improving as we integrate the value chain across Asia, for a more sustainable and food-secure future.”

With the collaboration of its subsidiaries throughout Asia, Aboitiz said they will “make sure that we harness the strengths of each site, and each country and foster a powerful network that fuels innovation and delivers impactful results.”

This strategic integration translates into tangible benefits for Aboitiz Foods' customers. Combining the resources and expertise of Pilmico and Gold Coin, Aboitiz Foods ensures a consistent and dependable supply of high-quality agricultural and nutritional products, tailored to each customer's unique needs.

Aboitiz said that, the transition will be seamless forthe customers of Pilmico and Gold Coin. Existing business operations and relationships remain uninterrupted while benefiting from enhanced efficiency and product quality.

Aboitiz Foods optimizes processes across the value chain to ensure maximum efficiency and consistent product quality. 

By leveraging combined sector expertise and capabilities, Aboitiz Foods delivers reliable, high-quality agricultural and nutritional products, utilizing world-class technology and a culture of constant innovation to meet evolving customer needs.

Related Tags

Aboitiz Equity Ventures Gold Coin Management Holdings Pilmico Tristan Aboitiz
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