Singapore-based feed producer Gold Coin sold majority stakes for US$550m

Shares were bought by the Aboitiz Group's Pilmico.

Agri and healthcare firm Golden Springs Group (GSG) sold 75% of the stakes of its Singapore feed producer Gold Coin for US$550m ($752.13m), an announcement revealed.

The buyer is animal nutrition producer Pilmico which is the food arm of Aboitiz Group from the Philippines.

“The Zuellig and Aboitiz families have known each other for generations.” GSG chairman Peter Zuellig said. “The partnership will strengthen Gold Coin’s growth profile and long-term value creation potential.”

Credit Suisse served as the sole financial advisor for the deal.

“This acquisition will add three million metric tons of volume which quadruples our overall feeds production capacity,” Pilmico president and CEO Sabin Aboitiz said..

Established in 1953 in Singapore, Gold Coin caters its operations across 11 countries. It is the only pure-play animal nutrition producer active in the majority of key livestock feed markets in Southeast Asia.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia