From Yahoo Finance · · 1m 30s
Haitian snaps up Amoy Food in major condiment deal
Chinese condiment giant Haitian acquires Hong Kong-based Amoy Food from private equity firm Trustar Capital.
In brief
Chinese condiment giant Haitian acquires Hong Kong-based Amoy Food from private equity firm Trustar Capital. Haitian is consolidating the global condiment market by acquiring a 118-year-old brand with distribution in over 40 countries, positioning itself for growth as China's condiment market expands. Originally…
Haitian acquires Amoy Food
Chinese condiment maker Foshan Haitian Flavouring and Food Company has bought Amoy Food from private equity firm Trustar Capital. The deal price was not disclosed.
Amoy's 118-year legacy
Founded in 1908, Amoy makes soy sauce, oyster sauce, seasoning sauces and frozen dim sum. It distributes to more than 40 countries including the US, UK, Canada, Australia and Japan.
Trustar's exit after seven years
Trustar Capital acquired Amoy's global business from Ajinomoto in 2019. The private equity firm began seeking a buyer in 2023 and has now sold its entire stake to Haitian.
Integration plans for growth
Haitian and Amoy plan to merge distribution channels, production networks and supply chains to capture new growth opportunities. Both companies operate in soy sauce, oyster sauce and seasonings.
Haitian's strong financial momentum
In the first half of 2026, Haitian posted revenue of 16.15 billion yuan, up nearly 6% year-over-year. Operating profit grew to 4.96 billion yuan and net profit rose 7.2% to 4.19 billion yuan.
China's condiment market expanding
China's condiment market is projected to grow from 511.3 billion yuan in 2025 to 689.7 billion yuan by 2030, a compound annual growth rate of 6.2%, according to Frost and Sullivan data.
The short version
Haitian is consolidating the global condiment market by acquiring a 118-year-old brand with distribution in over 40 countries, positioning itself for growth as China's condiment market expands.
