Sojitz Corporation together with Sojitz Asia and Sojitz Vietnam had acquired all shares of DaiTanViet Joint Stock Company (NEW VIET DAIRY), which is the largest wholesaler of commercial foods in Vietnam. The acquisition price is undisclosed.
NEW VIET DAIRY is a wholesaler importer and distributor that operates in 3 major areas namely commercial foods, foodservice, and dairy ingredients, with overall sales of Yen 37 billion (US$255 million) in 2022.
Vietnam’s dining industry is growing rapidly as demand continues to increase from both eat-in restaurants and takeout delivery services. As part of NEW VIET DAIRY’s commercial food and foodservice businesses, the company handles a total of 2,000 products for nearly 6,000 mid- to high-end luxury hotels and restaurants and has approximately 100 suppliers in Vietnam and overseas.
NEW VIET DAIRY is also one of the country’s largest handlers of beef, cheese, and other food products. A large number of products are processed and manufactured at the company’s factory and distributed nationwide under the Bottega Zelachi brand. These production activities will continue to be developed moving forward. The company’s Foodservice Division is an added-value segment that is offering food solutions to professionals.
NEW VIET DAIRY also imports dairy ingredients to Vietnam from New Zealand’s largest dairy manufacturer, Fonterra, to supply dairy product manufacturers with powdered milk and other products. NEW VIET DAIRY has earned a reputation for responding to customer needs with fast delivery times and by accommodating even small lot orders. The company is a market leader with 40% share of the dairy ingredients market in Vietnam.
Vietnam is one of the most important market for Sojitz. In recent years, Sojitz has built value chains for manufacturing, logistics, and retail industries in Vietnam to meet the rapid expansion of supermarkets, convenience stores, and other modernized retail store business formats. Through acquisition of NEW VIET DAIRY as a subsidiary of Sojitz, it will work together with major consumer goods wholesaler, Huong Thuy Manufacture Service Trading Corporation (HT), to create a broadline wholesale food distribution business that supplies independently owned retail stores, mass merchandisers, and mid- to high-end hotels and restaurants. Sojitz will leverage both NEW VIET DAIRY and HT’s customer networks to expand its sales channels in Vietnam.
