February 8, 2023
Asian Food Group acquires Sin Wah Foods
The Asian Food Group (Haps, The Netherlands) has acquired Dutch company Sin Was Foods B.V. (Eindhoven, The Netherlands). Sin Wah Foods has been an importer and exporter of Asian products since 1990. Sin Was Food supplies food and non-food to customers throughout Europe and offers a wide range of packaged food and a sophisticated range of non-food.
The Asian Food Group is on a mission to become the largest supplier of both food and non-food Asian products in Europe. Sin Wah Foods is the latest addition to the portfolio after the acquisitions of Lucullus B.V. in 2020 and Thai Mas B.V. in 2021.
Garmt van Esch, Sales Director Asian Food Group, states:
'The acquisition of Sin Wah Foods fits perfectly in the growth strategy of our ambitious company. The great team of Sin Wah Foods are real entrepreneurs and have proven themselves over the past years to be a stable and strong player within the Asian food market. We're proud that they have joined our group and we look forward to continuing to grow together'.
For Sin Wah Foods, the acquisition offers an opportunity to participate in the market dynamics, the expected consolidation and the ambitions that Asian Food Group has in this regard. It also offers new possibilities for our staff and become part of our exiting journey which has just started.
Weixi Kah, director of Sin Wah Foods:
'We are extremely proud of the development and growth Sin Wah has experienced under its current leadership. As a company and family, we have thought carefully about the future of Sin Wah Foods. Recently, the conviction has grown that the acquisition by the Asian Food Group is the right scenario for Sin Wah Foods to further strengthen its market position both at home and abroad. We are transferring Sin Wah Foods with peace of mind.'
About Asian Food Group
The Asian Food Group is a group of cooperating companies within the Asian food sector, such as wholesalers and private labels. The group was founded as the result of the acquisitions of Lucullus B.V. in 2020, Thai Mas B.V. in 2021 and Sin Wah Foods B.V. in 2022.
The group has centralized its operations from their headquarters and 60.000 m2 distribution center in Haps (Noord-Brabant), The Netherlands.