Philippine food manufacturer and personal care product firm Splash Corp has signed a deal to acquire Moondish Foods Corp.
In a filing to the Pilippine Stock Exchange, Splash said its subsidiary Splash Foods Corp has signed a share purchase agreement for the acquisition of 100% of Philippine-based Moondish.
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Taguig City-based Moondish is a family-run firm that produces traditional food products for Filipinos in the domestic and international markets, its most popular brand being ready-to-eat canned Laing.
The deal, which would see the transfer of 746.2m shares, is valued at around PHP33m (US$793m).
