The completion of the M&A deal with Sunrise Foods Co., Ltd., thereby owning Anco Family Food, has helped Nova Consumer complete the 3F chain (Feed - animal feed, Farm - farm, Food - food) to produce high-quality, safe food for consumers. This strategy helps Nova Consumer close the production chain and avoid external impacts; be autonomous, control the origin and quality of input factors, and ensure the highest output quality.

Completing the 3F chain helps create momentum for the development of other business segments in Nova Consumer's supply chain

In the picture: Nova Consumer's Anova Feed animal feed factory

The consumer goods segment is an important link in increasing Nova Consumer's profit margin, while creating leverage and momentum for the development of other business segments such as boosting the consumption of farm products, increasing the output of high-quality breeding animals, and increasing the capacity of animal feed, veterinary medicine, and vaccine factories.

At the 2022 General Meeting of Shareholders held at the end of May, a representative of Nova Consumer said that from the third quarter onwards, the company's revenue and profit will be consolidated with the new business segment. In the fourth quarter, it is expected that the pig farm will be developed on a larger scale, thereby continuing to add to consolidated revenue and profit. This is also the basis for this enterprise to confidently complete its revenue and profit plans of 4,800 billion and 330 billion for this year.

Diversifying this product portfolio will also help the company diversify its profit sources and minimize risks from the market. The measure to flexibly respond to fluctuations in output prices is that Nova Consumer will focus on controlling input costs and improving livestock productivity.

From the third quarter onwards, Nova Consumer's revenue and profit will be consolidated with the consumer goods segment

In the picture: Consumers choose to buy Xuxifarm sausage products at Nova Market supermarket

Established in 2010, Anco Family Food is a business operating in the field of processed food with two modern factories, a nationwide distribution system with more than 80,000 traditional retail points and more than 4,000 points of sale in supermarkets. With a diverse product portfolio ranging from sausages, canned food to rice cakes, Anco Family Food's brands have achieved the High-Quality Vietnamese Goods standard for many years in the Dry Food - Instant Food industry.

According to Mr. Nguyen Quang Phi Tin, General Director - Nova Consumer Group Joint Stock Company, Nova Consumer's M&A activities are being implemented in the direction of jointly participating in restructuring, operating, and developing the business to a larger scale after the merger.

After owning Anco Family Food, Nova Consumer will jointly participate in operating and expanding the distribution channel to 450,000 retail points in the future, promoting the e-commerce channel, and increasing exports. Currently, Nova Consumer is also negotiating M&A with a beverage business in the market and has had positive signals.

The Te Te rice cake brand has been exported to Japan, Taiwan and is planning to target more demanding markets such as the US and EU

Anco Family Food's factories and production lines all operate at a highly automated scale, meeting international quality management standards such as FSSC 22000:2013, ISO 22000:2005. The production of products such as Xuxifarm sausages, Be Khoe sausages, and MasterT canned food is always strictly followed by Anco Family Food's 3 Good production process including good materials (input materials are always of the highest quality), good processes (periodically inspected), and good products (output products meet food safety and hygiene standards).

Last April, the Te Te rice cake brand debuted in the Japanese market, marking Anco Family Food's journey to the world. In June, the first shipment of Te Te rice cakes in Taiwan was also cleared. In the coming time, taking advantage of resources from Nova Consumer and the ecosystem of NovaGroup, the export journey of Te Te rice cakes will continue to reach other, larger, and more demanding markets such as the US or Europe (EU).

Owning many factories and livestock farms nationwide, over the past 30 years, Nova Consumer has supported farmers to optimize farming efficiency, maximize profits, thereby increasing income, improving life and quality of life for people, contributing to the development of the local economy, creating momentum to promote the development of hundreds of other related industries and fields. In the coming time, Nova Consumer plans to recruit more than 5,000 highly skilled workers to work at economic establishments and more than 20,000 indirect jobs in the supply chain, ensuring good income and welfare.

See more at: Nova Consumer aims to own more than 450,000 retail outlets (cafebiz.vn)