F&N's Food & Beverage ("F&B") division produces, markets and sells soft drinks, beer, dairies, juices and ice cream. This division consists principally of its investment in a Malaysia-listed entity, Fraser & Neave Holdings Bhd. It also has unlisted businesses in Singapore, Malaysia and Thailand.
F&N has a 55.5% interest in Fraser & Neave Holdings Bhd ("F&NHB"), a leading non-alcoholic F&B player in Malaysia which is listed on the Kuala Lumpur Stock Exchange. F&NHB's principal activities are in the manufacturing, distribution, marketing and selling of soft drinks and dairy products in Malaysia and Thailand. It is also involved in property development activities.
As a licensee of F&N, F&NHB's Soft Drinks portfolio offers carbonated soft drinks under the F&N brand, isotonic beverage under the 100PLUS brand, non-carbonated drinks under F&N NUTRISOY, F&N SEASONS and F&N FRUIT TREE brands, and water under F&N ICE MOUNTAIN brand. Today, most of these brands are leaders in their respective segments in Malaysia.
F&NHB's Dairies portfolio comprises many leading brands in Malaysia and Thailand, including F&N, GOLD COIN and TEAPOT sweetened condensed milk and evaporated milk, as well as third-party licensed brands namely CARNATION, BEAR BRAND, IDEAL and MILKMAID. It also includes liquid milk products under F&N MAGNOLIA and FARMHOUSE brands. Other products in the pasteurised segment include juices under the F&N FRUIT TREE FRESH and licensed SUNKIST brands.
In 2010, F&NHB acquired a 23.08% equity interest in Cocoaland Holdings Berhad, whose principal activities includes the manufacture, trading and distribution of food and food-related products and beverages.
In 2021, F&NHB established a halal food business with the acquisition of the Sri Nona Group. Sri Nona Group, based in Malaysia, manufactures, distributes and sells rice cakes (ketupat), condiments (oyster sauce and paste), beverages (ginger tea powder), desserts (pudding and jelly powder), and jams and spreads. It is best known for its flagship product, the NONA Ketupat (rice cakes) range, which is the number one ketupat brand in Malaysia, and its range of oyster sauce, which is among the top three in its category. Sri Nona exports its products globally, including Singapore, Indonesia, Australia, USA and the UK.
F&B Singapore comprises F&N's soft drinks, beer and dairies businesses, as well as ice cream businesses in Singapore, Malaysia (excludes F&NHB) and Thailand. These are wholly-owned subsidiaries, with the exception of F&N United Ltd (manufacturer and distributor of ice cream products in Thailand) which is 95% owned.
In 2010, F&N expanded its existing ice cream business by completing the acquisition of 100% of equity interest in King's Creameries (S) Pte Ltd, an ice cream player in Singapore and Malaysia, and consolidated its ice cream businesses under the new entity F&N Creameries.
Today, F&B Singapore’s portfolio features reputable brands, including:
- Soft Drinks: F&N, 100PLUS, F&N NUTRISOY, F&N SEASONS, F&N ICE MOUNTAIN and F&N FRUIT TREE FRESH
- Beer: CHANG
- Dairies: F&N MAGNOLIA and FARMHOUSE
- Ice Cream: F&N MAGNOLIA and F&N KING’S
In addition, the Group owns Yoke Food Industries Sdn Bhd, a Malaysia-based company that manufactures, markets and distributes canned beverages in Malaysia and exports to Singapore, Indonesia and Indochina. It also has an 20.4% equity interest in Vietnam Dairy Products Joint Stock Company ("Vinamilk"), a leading dairy player in Vietnam. Founded in 1976, Vinamilk's principal activities are the manufacture and sale of milk and dairy products in Vietnam and internationally.