Connell, a marketer and distributor of speciality chemicals and ingredients in Asia-Pacific has acquired the assets of two distributors of instant beverage raw materials in Malaysia, Inno-Cosmic and Nation Maple. The acquisition will expand Connell’s food offerings and increase its presence in Malaysia’s beverage market.
Inno-Cosmic and Nation Maple will bring with them an extensive commercial network across Malaysia and longstanding relationships with customers in the instant beverage industry.
Since 1998, Inno-Cosmic formed an exclusive partnership with a creamer and foamers supplier and the distributor is now working with solutions in the plant-based dairy alternative drinks market.
“Combining Inno-Cosmic’s longstanding local presence and expertise with Connell’s far-reaching, international network will broaden our offerings to our customers and market,” said Connell’s president and CEO Dr. Azita Owlia.
“With this acquisition, Connell continues to show its commitment to our customers that are seeking premium brands and expertise.”
Loh Kok Wai, Inno-Cosmic’s managing director said: “We greatly admire Connell’s premier position in the food and nutrition and pharmaceutical segments, which we strongly believe will bring significant benefits to our long-term customers, international suppliers and partners.
“By leveraging Connell’s wide market coverage in these segments in Malaysia, coupled with its high technical competency, commitment to customer service, vast resources and capabilities, we can provide a solid business platform to drive and grow our current business to greater heights.”
The acquisition by Wilbur-Ellis company Connell, will take effect immediately.
© FoodBev Media Ltd 2019