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.
Talk to the deal team
Xu Xian Pang
Oaklins PrimePartners
Related deals
Skyfit Academia has been acquired by SFH Holding
Skyfit Academia had been acquired by SFH Holding, an investment vehicle led by Caio Murad Peres. The transaction reflects the attractiveness of scalable fitness platforms in Brazil, supported by Skyfit’s efficient business model, strong expansion track record, more than 800 units sold, nationwide presence and exposure to underpenetrated markets, positioning the company for its next phase of growth and reinforcing its role as a leading consolidation platform.
Learn moreSponser Sport Food has set the course for its next phase of development
A group of Swiss investors, including Philippe Bubb and Samuel Wenger, has acquired a majority stake in Sponser Sport Food AG, positioning the company for its next phase of growth. The transaction ensures the retention of jobs and the production site on Lake Zurich, Switzerland.
Learn moreDiederichs Karosserieteile has been acquired by ITAL, a portfolio company of Naxicap
Diederichs Karosserieteile GmbH has been acquired by ITAL Holding, a European automotive aftermarket platform backed by Naxicap Partners.
Learn more