In addition to its own product portfolio, the company provides opportunities to customise solutions. Its typical customers include hotels, restaurants, different types of restaurant chains, as well as hospitals and other healthcare institutions.
The purchase price is approximately SGD 15m, with 75% of the purchase price paid at the time of acquisition and 25% after three years. The additional purchase price is conditioned on the company’s profit performance.
Duni will acquire the company’s assets on 1 July 2013.
“I’m very pleased that Song Seng is set to become a part of the Duni Group,” said Thomas Gustafsson, president and CEO of Duni. “This acquisition is a key step in our growth strategy of expanding on emerging markets and increasing our level of service in the growing takeaway and fast food chain segment.”
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