nestlT-exits-dairy-businesses-in-malaysia-and-thailand

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, the FN group will license the Carnation, Milkmaid and Bear brands and buy all of NestlT's dairy and juice production facilities and equipment.

The licenses will be for an initial period of five...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222