NestlT exits dairy businesses in Malaysia and Thailand
Fraser & Neave Holdings pick up the assets for $84.2 million.
NestlT has exited its dairy business and some associated businesses in Malaysia and Thailand, selling the assets to Fraser Neave FN Holdings for M$310 million $84.2 million.
The agreement between NestlT and FN was announced on Monday. FN will buy outright the Tea Pot trademark and license the Milkmaid, Ideal, Cap Junjung and Carnation trademarks for evaporated milk, sweetened condensed milk, sweetened beverage creamer and evaporated creamer in Malaysia, Singapore and Brunei. In Thailand,...
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