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Fraser and Neave clinches license to manufacture more Nestle products
It’s also in charge of distribution in the ASEAN.
Fraser and Neave has inked several agreements with Nestle to manufacture and distribute Carnation, Bear Brand, Bear Brand Gold, Ideal Milk and Milkmaid in ASEAN, including Singapore, Thailand, Malaysia and Brunei.
The licenses are for a period of 11 years 7 months, with a right to extend for a term of 10 years until 31 January 2037.
These agreements extend the term of the Group’s existing licenses granted by Nestlé on 1 February, 2007 when the Group acquired Nestlé’s canned liquid milk, UHT and chilled dairy and juice business in Thailand, and the Tea Pot brand.
The agreements will take effect 1 July, 2015.
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