Umios Corporation invested approximately 114 billion won to acquire a 51% stake in PWI through a newly established holding company, establishing a strategic joint venture with Wah Kong Corporation.
Key points
•Umios and Wah Kong enter Southeast Asian pet food market
•114 billion won investment for PWI stake acquisition
•Comprehensive product range combining wet and dry pet foods
Umios Corporation and Wah Kong Corporation have completed the establishment of a strategic joint venture centered on Pet World International Sdn. Bhd. (PWI), one of Malaysia’s leading pet food companies. Under the transaction, Umios invested approximately JPY 11.4 billion to acquire a 51% interest in PWI through a newly established holding company.
PWI holds the No. 2 share of Malaysia’s pet food market and operates the country's only BRC-certified pet food plant. The company has approximately 350 employees, sells through more than 10,000 physical stores and its own e-commerce channels, and posted consolidated sales of approximately JPY 12.4 billion in the year ended September 2025.
JCAI, a Tokyo-headquartered cross-border M&A advisory firm focused on Japan, Southeast Asia, and India, acted as financial advisor on the transaction, advising on transaction strategy, valuation, negotiation, and documentation.
