URC Snack Foods (Malaysia) Sdn. Bhd.’s MYR1.925 Billion Acquisition of Crunchy Foods Sdn Bhd

Allen & Gledhill and Rahmat Lim & Partners advised URC Snack Foods (Malaysia) Sdn. Bhd. on the transaction.

URC’s subsidiary URC Snack Foods (Malaysia) Sdn Bhd signed the agreement to acquire 100% stake in Crunchy Foods Sdn Bhd for MYR1.925 billion on a “cash-free debt free” basis. 

Munchy Food Industries Sdn. Bhd. and Munchworld Marketing Sdn. Bhd., which are subsidiaries of CFSB, are manufacturers of snacks and edible food in Malaysia. Munchy’s is Malaysia’s no.1 biscuit brand and also a recognised brand across the region.

Advising URC were Allen & Gledhill Partners Christian Chin (Picture), Mark Quek and Counsel Gloria Goh. As to Malaysian law the Company was assisted by Partners Chen Lee Won, Kelvin Loh, Lee Yee Ling and Raymond Yong of Rahmat Lim & Partners.

Involved fees earner: Christian Chin – Allen & Gledhill LLP; Gloria Goh – Allen & Gledhill LLP; Mark Quek – Allen & Gledhill LLP; Yee Ling Lee – Rahmat Lim & Partners; Chen Lee Won – Rahmat Lim & Partners; Kelvin Loh – Rahmat Lim & Partners; Raymond Yong – Rahmat Lim & Partners;

Law Firms: Allen & Gledhill LLP; Rahmat Lim & Partners;

Clients: URC Snack Foods (Malaysia) Sdn. Bhd. ;

Sonia Carcano

Author: Sonia Carcano