Umios and Wah Kong Complete Strategic Pet Food Joint Venture in Southeast Asia; Japan Corporate Advisory Institute Advised on the Transaction

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Postmedia has not reviewed the content. by Business Wire Umios and Wah Kong Complete Strategic Pet Food Joint Venture in Southeast Asia; Japan Corporate Advisory Institute Advised on the TransactionAuthor of the article:JPY 11.4 billion investment establishes strategic partnership around Pet World International and accelerates Umios’s Asia strategyTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTOKYO & KUALA LUMPUR, Malaysia — Umios Corporation (TOKYO Prime: 1333; formerly Maruha Nichiro) and Wah Kong Corporation have completed the establishment of a strategic joint venture centered on Pet World International Sdn. Bhd. (“PWI”), one of Malaysia’s leading pet food companies.Under the transaction, Umios invested approximately JPY 11.4 billion to acquire a 51% interest in PWI through a newly established holding company.This advertisement has not loaded yet, but your article continues below.PWI holds the No. 2 share of Malaysia’s pet food market — No. 1 among local companies (NielsenIQ) — and operates the country’s only BRC-certified pet food plant. The company has approximately 350 employees, sells through more than 10,000 physical stores and its own e-commerce channels, and posted consolidated sales of approximately JPY 12.4 billion in the year ended September 2025.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe joint venture combines Umios’s strengths in wet pet food with PWI’s dry-food capabilities, creating comprehensive coverage across dogs and cats, wet and dry. The partnership is expected to integrate the parties’ sales networks, product portfolios, manufacturing capabilities and R&D expertise to accelerate growth across Asia. Umios targets pet food operating profit of approximately JPY 10 billion and ROIC of approximately 18% by the year ending March 2028.“We have built PWI over many years into one of Malaysia’s leading pet food businesses, and our priority was to find a partner that could help take the company into its next stage of growth while sharing our long-term vision for the business,” said Choy Peng Yew, shareholder and CEO of PWI. “Umios brings extensive capabilities in pet food, product development and international markets that are highly complementary to PWI’s strengths. By combining these capabilities, we believe we can accelerate PWI’s growth beyond Malaysia and build PWI into a leading pet food platform across Asia and beyond.”“PWI brings outstanding brand and manufacturing strength in Malaysia and is the ideal partner to accelerate our pet food strategy across Asia,” said Kimihiro Takaya, Managing Executive Officer, Division Director of Overseas Business Strategy Division and Unit Director of Fine Chemicals Unit at Umios. “JCAI bridged the two sides with deep insight and experience across Southeast Asia, helping build the trust behind this partnership.”Japan Corporate Advisory Institute, Ltd. (“JCAI”), a Tokyo-headquartered cross-border M&A advisory firm focused on Japan, Southeast Asia and India, acted as financial advisor on the transaction, advising on transaction strategy, valuation, negotiations and documentation through closing.“Successful cross-border transactions are ultimately about aligning strategy, value and trust,” said Olimjon Sadinov, Managing Partner at JCAI. “Umios and PWI bring complementary capabilities and a shared ambition to create a leading pet food platform across Asia. JCAI is proud to have helped turn that strategic ambition into a partnership.”This advertisement has not loaded yet, but your article continues below.Japan Corporate Advisory Institute, Ltd. (“JCAI”) is a cross-border M&A advisory firm focused on transactions across the Japan–Southeast Asia–India corridor. Headquartered in Tokyo, JCAI advises business owners, corporates and investors on strategic M&A across APAC.JCAI also operates “SPEED M&A” in Japan and “BizBank” in ASEAN — one of Japan’s largest M&A networks, with more than 20,000 members.Holland Hills Mori Tower 13F, 5-11-1 Toranomon, Minato-ku, TokyoView source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.