House Foods Buys Masan Stake As Overseas Interest Grows

In keeping with a trend that has seen Japanese food and drink firms flock to international markets in recent years, the curry, seasonings and spice producer House Foods has acquired a 1.85% stake in the Vietnamese Masan Group for VND360bn (US$19.5mn). The acquisition is an important step in diversifying its geography and will give House Foods a foothold in the high-growth, but low-spending Vietnamese sauces and instant foods

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