D&L Industries expands product portfolio with Australian partners
D&L Industries Inc. is expanding its specialty products portfolio through its partnership with two leading Australian food ingredient companies.
Wholly-owned subsidiary Oleo-Fats Inc. was appointed as the exclusive marketer and distributor of the Manildra Group and MSM Milling’s canola derivatives and wheat products in the Philippines, D&L noted in a disclosure to the Philippine Stock Exchange on Monday
Oleo-Fats managing director Vincent D. Lao said the partnership is part of the company’s strategy to focus on products that will give it better margins while moving away from low-margin commodities.
“This vote of confidence from a global player like Manildra shows how we have transformed ourselves from being a vegetable oil refiner into a leading developer and manufacturer of customized and specialized food ingredients in the Philippines,” Lao said.
Manildra Group general manager Peter Simpson said the deal would allow them to extend their reach into the Philippine canola and what market.
“Manildra is noticing and embracing the increased demand for Australian wheat-based products such as flour for noodles and glucose for use in confectionery production,” said Simpson.
MSM Milling noted the rapid growth in the use of canola oil in the Philippines as disposable income among the middle class increases.
As an increasingly popular ingredient due to its nutritional qualities and low saturated fat, canola and its derivatives can be found in a variety of food applications in retail, household and industrial markets.
Wheat is a staple ingredient in the bakery, biscuits and snacks industries.
Oleo-Fats uses canola oil and wheat products combined with an extensive portfolio of customized food ingredients to service food and beverage manufacturers. The company currently has over 500 food ingredient formulations.
Its primary businesses are specialty fats and oils, refined vegetable oils, specialty ingredients and food safety products. — VS, GMA News