Duty Free International Limited has acquired United Industries Holdings from Atlan Holdings
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.
Oaklins’ team in Singapore acted as the financial advisor to the buyer in this transaction.
Talk to the deal team
Xu Xian Pang
Oaklins PrimePartners
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