# Hoshizaki to acquire 51% stake in Vietnamese refrigeration manufacturer ARICO

Hoshizaki Corporation signed an agreement to acquire 51% of shares in ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO), a Vietnamese industrial refrigeration and food equipment manufacturer, to establish its first Southeast Asian production base.

- Type: Acquisition
- Announced: 2024-12-19
- Where: Ho Chi Minh City, Vietnam, Vietnam
- Status: announced
- Products: industrial refrigeration systems, commercial refrigerators, food equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [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)
- [HOSHIZAKI SOUTHEAST ASIA HOLDINGS PTE. LTD.](https://endata.com/companies/81898.md) (acquirer)
- [HOSHIZAKI VIETNAM CORPORATION](https://endata.com/companies/81899.md) (acquirer)

## Sources

- [hoshizaki.com](https://www.hoshizaki.com/en/news/20241219), 2024-12-19: "After making ARICO a consolidated subsidiary, Hoshizaki will invest in ARICO and plans to start production of Hoshizaki-brand commercial refrigerators at ARICO's existing facilities."

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