Malaysian Dairy Firm The Holstein Milk Company to receive investment from Dymon Asia - Reuters

 

Malaysian Dairy Firm The Holstein Milk Company to receive investment from Dymon Asia

Malaysian Dairy Firm The Holstein Milk Company to receive investment from Dymon Asia

Tue Sep 4, 2018 - 06:23am UTC
The Holstein Milk Company
Image Source: The Star Online

4/9/2018 – Singapore-based Dymon Asia Private Equity (DAPE) has made an investment in The Holstein Milk Company (THMC) Sdn Bhd, which owns Malaysian dairy brand Farm Fresh.

The investment was conducted through the holding companies of THMC, which are Rainforest Capital Sdn Bhd and Farmchoice Foods Sdn Bhd.

According to THMC, DAPE’s investment capital will largely be used to expand its capacity, launching new products, and strengthening its foothold in Australia.

“The investment will help fund our next phase of growth and help us achieve our vision of bringing nutritious dairy products to Malaysia, Singapore, and beyond,” said Loi Tuan Ee, the Managing Director of THMC.

Founded in 2007 by Lui Tuan Ee, Khazanah Nasional-backed THMC is the first to offer fresh, preservative-free cow’s milk amidst the market of reconstituted and powdered milk.

It started its initial operations in dairy goat farming but later expanded its operations into dairy cow farming by importing 60 Holstein Jersey cows from Australia and rearing them on a small plot of land in Johor.

Fast forward today, more than 10 years later, THMC has over 5,000 cows in both Malaysia and Australia.

Aside from managing dairy farms, THMC also produces fresh and flavored milk and yogurt under the Farm Fresh and Yarra brands at supermarkets and hypermarkets across Malaysia and Singapore.

Commenting on the deal, Tan Chow Yin, the Partner at Dymon Asia Private Equity said, “Farm Fresh is a brand that Malaysians and increasingly Singaporeans too, have grown to know and love over the years, and is a market leader in fresh dairy milk in Malaysia.”

“We have watched the brand grow from a few SKUs to more than 50 today,” Tan said, adding that they also hope to assist The Holstein Milk Company in growing beyond Malaysia.

DAPE recently closed its heavily-subscribed US$450 million Southeast Asian funds in May. The fund targets small to medium-sized companies earning US$5 million to US$30 million a year.

In the same month, DAPE announced that it was partnering SGX-listed TEE International to acquire Sembcorp Environment for US$14.9 million, its first transaction from the fund.

For content enquiry, please reach us at

Latest News >

Malaysian Dairy Firm The Holstein Milk Company to receive investment from Dymon Asia

The capital will help THMC expand its milk production capacity and strengthen its foothold in Australia.

06:23am UTC

Amata Holding begins Share Sales in prep of YSX Listing

Amata Holding Public Company Ltd started selling shares worth K10 billion (about US$6.4 million) on August 26.

05:19am UTC

IoT startup UnaBiz secures US$10 million Series A to Empower Massive Internet of Things

The new funding capital will be use to support the development of IoT applications to combine connectivity, end-to-end solutions and engineering services.

08:10am UTC

Travelstop raises US$1.2 million seed round to bring Business Travel Management to SMEs in Southeast Asia

Singapore-based venture capital Seedplus led the seed round along with participation from several high-net-worth individuals.

11:14am UTC

Indonesian Natural Language Processing Startup Bahasa.ai secures seed funding from East Ventures

Bahasa.ai will use the capital funds to create an artificial intelligence that can understand the Indonesian language more comprehensively.

07:53am UTC