Allen & Gledhill, as transaction counsel, together with its associate firm in Malaysia, Rahmat Lim & Partners, advised URC Snack Foods (Malaysia) Sdn. Bhd. (“URC”) on the acquisition of a 100% stake in Crunchy Foods Sdn Bhd (“CFSB”) for MYR1.925 billion on a “cash-free debt free” basis.
Munchy Food Industries Sdn. Bhd. (“Munchy’s”) and Munchworld Marketing Sdn. Bhd., which are subsidiaries of CFSB, are manufacturers of snacks and edible food in Malaysia. Munchy’s is Malaysia’s no.1 biscuit brand and also a recognised brand across the region.