Custom Food Group-Malaysia: Company Profile

Background

Company Overview

Custom Food Group-Malaysia, established in 1999, is a diversified food ingredient manufacturer headquartered in Seberang Perai Tengah, Penang, Malaysia. The company specializes in producing a wide range of food ingredients, including non-dairy creamers, functional lipid powders, and malt and cereal products. These products are utilized in various food and beverage applications, enhancing nutritional profiles, taste, and texture. The company operates manufacturing facilities in Penang and Kedah, Malaysia, and Shenzhen, China, employing state-of-the-art food processing technologies such as drum drying, spray drying, vacuum drying, and oat milling.

Mission and Vision

• Mission: To stay ahead of the innovation curve through continuous research and development, forge long-term, meaningful partnerships with customers, and consistently deliver superior quality food ingredients that positively contribute to customers' operations.

• Vision: To be recognized as a leading global player in innovative food ingredient customization and manufacturing.

Key Strategic Focus

Core Objectives

Custom Food Group-Malaysia aims to lead in the food ingredient manufacturing sector by focusing on innovation, quality, and customer-centric solutions. The company strives to enhance the nutritional value, taste, and texture of food products while maintaining cost efficiency.

Areas of Specialization

• Non-Dairy Creamers: Providing alternatives to dairy-based creamers, catering to the growing demand for plant-based products.

• Functional Lipid Powders: Offering lipid-based powders that serve various functional purposes in food applications.

• Malt and Cereal Products: Supplying malt and cereal-based ingredients for diverse food and beverage products.

Key Technologies Utilized

• FILTERMAT Spray Drying Technology: Enables the production of high-fat powders with fat content up to 80%, enhancing product quality and efficiency.

Primary Markets Targeted

The company primarily serves markets in Malaysia and Asia, focusing on food and beverage manufacturers seeking innovative and high-quality ingredient solutions.

Financials and Funding

Funding History

As of the latest available information, Custom Food Group-Malaysia has undergone a restructuring exercise, converting from a private limited company to a public limited company in July 2025. This move is part of a listing scheme for the proposed listing of the company's enlarged issued share capital on the Main Market of Bursa Malaysia Securities Berhad.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed.

Notable Investors

In March 2022, Creador Private Equity acquired a minority stake in Custom Food Ingredients Sdn. Bhd., the operating entity of Custom Food Group-Malaysia.

Utilization of Capital

The capital raised through the restructuring and investment is intended to support the company's expansion plans, enhance manufacturing capabilities, and strengthen its market position in the food ingredient industry.

Pipeline Development

Key Pipeline Candidates

Custom Food Group-Malaysia is continually developing new food ingredient products to meet evolving consumer preferences. While specific pipeline products are not publicly detailed, the company's focus includes:

• Plant-Based Ingredients: Developing non-dairy alternatives to cater to the growing demand for plant-based products.

• Functional Foods: Creating ingredients that offer health benefits beyond basic nutrition.

Stages of Development

The company is in the process of expanding its product portfolio through ongoing research and development efforts.

Target Conditions

The development focuses on addressing consumer needs for healthier, more sustainable, and innovative food options.

Anticipated Milestones

Specific timelines for product launches and milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

• FILTERMAT Spray Drying Technology: A proprietary technology that allows the production of high-fat powders with fat content up to 80%, enhancing product quality and efficiency.

Significant Scientific Methods

• Micro-Encapsulation of Lipids: Specializing in pre-emulsified water-dispersible fats, which improve the stability and functionality of food products.

Leadership Team

Key Executives

• Andy Setiawan: General Manager with over 25 years of experience in business development within the food ingredients industry in Indonesia.

• Gilbert van Weelden: Chief Operating Officer, overseeing daily operations and strategic initiatives.

• Ts. Azlan Adnan: Head of Production Department, responsible for managing manufacturing processes and ensuring product quality.

• Daphne Goh: Research & Development Manager, leading innovation and product development efforts.

• Ts. Kumaran Kalimuthu: Senior Project Engineer, focusing on engineering projects and process improvements.

Leadership Changes

Specific details regarding recent leadership changes are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The food ingredient manufacturing industry in Malaysia is characterized by a growing demand for innovative, healthy, and sustainable products. Companies are focusing on developing plant-based and functional ingredients to meet consumer preferences.

Competitor Analysis

Key competitors in the Malaysian market include:

• PPB Group Berhad: A diversified conglomerate involved in food production, agriculture, and other sectors.

• Ramly Food Processing Sdn. Bhd.: Specializes in frozen and fast food production.