Duty Free International Limited has acquired United Industries Holdings from Atlan Holdings

October 2025 — Duty Free International Limited has completed the diversification into the business of manufacturing and supply of automotive parts through the acquisition of United Industries Holdings. This marks a bold step forward for DFI diversifying beyond duty-free retail into a high-growth, resilient industry by acquiring a profitable automotive components manufacturer with a strong customer base and proven track record, enhancing earnings potential and long-term resilience through sectoral expansion.

Duty Free International Limited is a Singapore-based investment holding company with a longstanding presence in the duty-free retail sector, particularly in Malaysia.

United Industries Holdings operates in the management of companies and enterprises. Incorporated on 23 September 2004, it serves as the holding entity for a group of industrial and manufacturing businesses in Malaysia, including subsidiaries focused on automotive parts manufacturing.

Atlan Holdings is a Malaysia-based investment holding company with diversified business activities. The group operates across automotive component manufacturing and sales, duty-free retail and non-dutiable retail, as well as property and hospitality.

Our role in the transaction

Oaklins’ team in Singapore acted as the financial advisor to the buyer in this transaction.