Umios

Umios, the Japan-based food production and distribution company, has announced that its board of directors has resolved to acquire a 51% equity stake in Malaysian pet care holding company Pet World International (PWI). The transaction, valued at approximately ¥11,400 million ($71 million), will be executed through a newly established holding company. Following the acquisition, PWI will become a specified subsidiary of the company. Operating across Southeast Asia with Malaysia as …