MYR1.925 billion acquisition of Crunchy Foods Sdn Bhd by URC Snack Foods (Malaysia) Sdn. Bhd.
A&G News 17 January 2022
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.
Advising URC were Allen & Gledhill Partners Christian Chin and Mark Quek and Counsel Gloria Goh.
Advising URC as to Malaysian law were Partners Chen Lee Won, Kelvin Loh, Lee Yee Ling and Raymond Yong of Rahmat Lim & Partners.