Red Sena has appetite for Munchy Group

Good match: A worker checks products at Munchy’s factory in Batu Pahat. The privately held Munchy Group, which has a global presence with its wafers, biscuits and confectionery products, fit well into the profile of companies that Red Sena targeted.

PETALING JAYA: Special-purpose acquisition company Red Sena Bhd, which has raised funds to go into the food and beverage business, is eyeing a takeover of the Munchy Group.

Sources said the privately held Munchy Group, which has a global presence with its wafers, biscuits and confectionery products, fit well into the profile of companies that Red Sena targeted.