Philippines’ Gokongwei Group Buys Malaysia’s Munchy For $454 Million, Boosting Southeast Asian Footprint

Philippines’ Gokongwei Group Buys Malaysia’s Munchy For $454 Million, Boosting Southeast Asian Footprint

Universal Robina Corp. (URC)—controlled billionaire Lance Gokongwei and his family—has agreed to buy Malaysia’s Munchy Food Industries from private equity firm CVC Capital Partners for 1.93 billion ringgit ($454 million) as the Philippine company expands its footprint across Southeast Asia.