According to MCE, Gain Foods will ill initially target products relevant to kids’ nutrition, seniors and weight wellness sub-segments. Gain Foods will be the marketer and distributor of these clinical nutrition products in various countries in Asia, for both MNR and Gainhealth.
Gainhealth, a subsidiary of Catalist-listed Metal Component Engineering (MCE), has signed a joint venture agreement (JVA) with MNR Food to establish a business developing and distributing clinical nutrition products through direct-to-consumer platforms on Oct 20.
The joint venture entity, Gain Foods, will be 60% owned by Gainhealth, with the remaining 40% owned by MNR.
