PH-based Universal Robina buys Malaysia's Munchy Food from CVC Capital for $453m

PH-based Universal Robina buys Malaysia's Munchy Food from CVC Capital for $453m

Universal Robina

Philippine snacks and beverage major Universal Robina Corporation (URC) is acquiring Malaysia’s Munchy Food Industries Sdn Bhd (Munchy’s) from private equity firm CVC Capital Partners for 1.92 billion ringgit ($452.8 million).