Marubeni Corporation (hereinafter, “Marubeni”), through its wholly-owned Singapore-based subsidiary Marubeni Growth Capital Asia Pte. Ltd. (hereinafter, “MGCA”), acquired additional shares in AIG Asia Ingredients Corporation (hereinafter, “AIG”) to further strengthen the strategic partnership between the companies following an initial investment made in October 2023. AIG is a leading supplier and manufacturer of food ingredients and packaged food products.

AIG plays a crucial role in the Vietnam food market, which is the fastest growing market in Southeast Asia with annual growth of approximately 8%. The company provides food and functional ingredient solutions, which are becoming increasingly important to branded packaged food and beverage product customers. AIG is trusted to supply a diverse range of food ingredients, including specialty and high-value nutritional ingredients, and to develop food ingredient solutions with its in-house innovation center, which accommodates the growing consumer demand for convenience and healthy foods. Furthermore, AIG’s business and its product portfolio continue to expand as the company’s operational capability extends beyond distribution to manufacturing and innovation.

Since its initial investment, Marubeni has been a strategic business partner working with AIG on its long-term strategic plan, expanding its natural food ingredients portfolio and new business development initiatives. Through this collaboration, Marubeni has gained additional confidence in AIG’s strategy to build on its solid business foundation, extensive customer network, and high growth potential through portfolio expansion. Marubeni believes there is a strong alignment between the company and the strategic direction of its Next Generation Corporate Development Division (hereinafter, “Next Generation CD Division”) which led it to further strengthen the strategic partnership with the acquisition of additional shares.

Marubeni established its Next Generation CD Division in 2022 to build a new growth portfolio. In Southeast Asia, one of the key areas of focus for MGCA has been the food products and food & beverage sector.  Having AIG as a gateway investment, Marubeni is committed to supporting AIG’s growth strategy and to capture the growth of the food market in Southeast Asia and Vietnam. 

Related News Releases:
・Nov. 06, 2023
Marubeni to Acquire Stake in AIG Asia Ingredients Corporation, a Leading Supplier and Manufacturer of Food Ingredients and Packaged Food Products
https://www.marubeni.com/en/news/2023/release/00107.html

MGCA Overview
Head Office:	8 Marina View, #14-03 Asia Square Tower 1, Singapore 018960
Representative:	Bharat Sarma
Website:	https://www.marubenigrowthcapital.com
Main Business:	Investment in consumer related businesses in Southeast Asia focused on next generation consumers
AIG Overview
Head Office:	Lot TH-1B, Road No. 7, South Economic Area, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam
Representative:	Nguyen Thien Truc
Website:	https://www.asiagroup-vn.com
Main Business:	Supply and manufacture of food ingredients and packaged food products