DKSH to buy Auric's distribution business in Singapore, Malaysia for 160m Swiss francs

Singapore

DKSH, a company which helps other firms expand their business, on Friday said it has inked a deal to acquire the consumer goods distribution business of Auric Pacific in Singapore and Malaysia for 160 million Swiss francs (S$220.8 million).

Auric is an investment holding firm involved in various consumer businesses in the Republic, such as food manufacturing. It owns the Food Junction food courts and Delifrance cafes. The company delisted from the Singapore Exchange last year.