# Hoshizaki to increase stake in Vietnamese subsidiary ARICO to 99.6%

Hoshizaki Corporation signed an agreement to acquire additional shares in ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO), increasing its ownership from 51% to 99.616%. The acquisition is expected in June 2026.

- Type: Acquisition
- Announced: 2026-03-26
- Where: Ho Chi Minh City, Vietnam, Vietnam
- Status: announced
- Products: commercial and industrial freezers, food processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Asia Refrigeration Industry Joint Stock Company](https://endata.com/companies/20998.md) (target)
- [Hoshizaki](https://endata.com/companies/21057.md) (acquirer)

## Sources

- [hoshizaki.com](https://www.hoshizaki.com/en/news/20260326), 2026-03-26: "Hoshizaki will acquire additional shares in ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.