Nissin Foods announced the complete acquisition of ABC Pastry, a leading manufacturer of frozen dumplings, which are either company-branded (i.e., ABC Pastry) or third-party branded in Australia. The value of the acquisition is  AUD 33.7 million (EUR 20.7 million).

ABC Pastry is a well-known Australian brand based in Sydney, recognized for its premium quality dumplings.

The Acquisition would contribute to ABC Pastry’s long-term development as it diversifies its business portfolio and enables it to tap into the Australian frozen food market.

 The Australian frozen food market size is expected to experience robust growth as frozen dumplings, in particular, have been benefitting from the rising Asian migration to Australia, as well as a growing interest in international cuisine, Nissin highlights its research. The group anticipates that the trend will continue, and there will be ample opportunities for expansion of the premium frozen food market in Australia.

Kiyotaka Ando, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “The acquisition of ABC Pastry marks another milestone in our overseas market plan, soon after the joining of the Korean snack manufacturer Gaemi Food to the Nissin family in June. This latest acquisition will allow us to diversify our product offerings and distribution channels and it aligns with our long-term corporate vision and strategy of strengthening our market presence in key overseas markets. By leveraging ABC Pastry’s extensive local network and premium frozen products, Nissin Foods is well-positioned to enhance our connection with the local community and Australian consumers. We believe that the acquisition will reap significant operational and financial synergies through the integration of its business with ours, ultimately delivering increased value to shareholders.”

Photo: Nissin Foods