Commonwealth Capital in cold chain JV with Japanese F&B distribution giant
Tie-up to provide supply chain solutions to food retailers, food services firms in Singapore and region; taps Kokubu's experience in running 279 food logistics centres in Japan
Singapore
INVESTMENT firm Commonwealth Capital - whose food and beverage (F&B) portfolio includes brands such as Pastamania, Swissbake and The Soup Spoon - is teaming up with a Japanese F&B distribution giant for a cold chain logistics joint venture focusing on South-east Asia.
Along with its wholly owned unit Commonwealth Food Services, it has formed joint venture company Commonwealth Kokubu Logistics (CKL) with Japan's Kokubu Group.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama