US food manufacturer Ventura Foods has engaged a wholly-owned unit of D&L Industries Inc. to produce and distribute its food products in the Asia-Pacific region, which is seen as a key expansion market.
In an e-mailed statement Tuesday, D&L said its subsidiary Oleo-Fats Inc. entered into a supply agreement with Ventura Foods to develop and produce specialty oils and specialty ingredients for the food service, retail and ingredient manufacturing industries in the Asia-Pacific region.
Ventura Foods saw the importance of local production outside of the US that’s why it tapped Oleo-Fats, president of International Yann Kervoern said in the statement.
“We have identified the Asia-Pacific region as a key expansion market, and we are excited to engage Oleo-Fats as our partner in the Philippines,” he said.
“By entering into a supplier relationship with Oleo-Fats, Ventura Foods has increased its capability to offer all of our products to the expanding Asia-Pacific region and beyond,” he added.
Ventura Foods will work with Oleo-Fats to produce specialty oils and specialty food ingredients for export to the Asia-Pacific region and domestic Philippines sales in its Mercury Plant in Quezon City.
D&L sees Oleo-Fats’ partnership with Ventura Foods as a means to deepen its reach in the specialty food ingredients market, particularly in the quick service restaurants (QSRs), and grow its exports sustainably.
“OFI has been traditionally strong in fats and oils and working with Ventura Foods will give us that traction in the specialty food ingredients market,” Oleo-Fats managing director Vincent Lao said in the same statement.
“Further, it will solidify our position in the food service industry, in particular QSRs, where most of the high-growth, value-added opportunities are. Eventually we want our ingredients to be found in almost every food category across the region. This brings us forward to that goal,” he added.
Oleo-Fats has over 650 food ingredient formulations serving more than 1,200 customers in the food and beverage industry. It is in four primary businesses – specialty fats and oils, refined vegetable oils, specialty ingredients, and food safety products. — Danessa O. Rivera/BM, GMA News