Manila, Philippines – Food cart business holdings group Fruitas Holdings has announced that it is acquiring the kitchen facilities of foodpanda Philippines to accelerate the company’s own cloud kitchen business Fly Kitchen.
In a recent stock disclosure by Fruitas Holdings, Fruitas Holdings said that Fly Kitchen is now able to expand its menu with new methods, processes, and flavors through this business acquisition.
This will also open the door for the company to collaborate with and prepare third-party brands which would fit well with its present cloud kitchen operations.
Additionally, the advanced kitchen equipment will give Fly Kitchen the freedom to experiment with new recipes for its loyal consumers and new customers.
Lester Yu, president and chief executive officer at Fruitas Holdings, said, “We are pleased to announce this tactical purchase of top-quality kitchen equipment from Foodpanda. This decision reflects our dedication to providing outstanding gastronomic experiences to our patrons.”
Some of the brands that Fruitas Holdings operates include Fruitas Fresh from Babot’s Farm, Buko Loco, Buko ni Fruitas, De Original Jamaican Pattie, Johnn Lemon, Juice Avenue, Black Pearl, Friends Fries, The Mango Farm, 7,107 Halo Halo Islands, Tea Rex, Kuxina, SHOU La Mien Hand-Pulled Noodles, Sabroso Lechon, Soy & Bean, and Ling Nam.
On a recent note, it is worth noting that Delivery Hero, the parent company of foodpanda, has announced plans earlier this year that is selling some of its businesses across select markets in Southeast Asia.
