From Business Times published on 19 Jan 2019
INVESTMENT firm Commonwealth Capital – whose food and beverage (F&B) portfolio includes brands such as Pastamania, Swissbake and The Soup Spoon – is teaming up with a Japanese F&B distribution giant for a cold chain logistics joint venture focusing on South-east Asia.
Commonwealth Capital, along with its wholly owned unit Commonwealth Food Services Pte Ltd, will form joint venture company Commonwealth Kokubu Logistics (CKL) with Japan’s Kokubu Group.
CKL will provide end-to-end supply chain solutions to food retailers and food services firms, in Singapore and the region. These include all aspects of food supply chain management from pre-production inventory control to temperature-logged warehousing and last mile delivery.