“The recently acquired Sri Nona Group is only our first step in fulfilling our objective of building a packaged food pillar commensurate with our Beverages and Dairies businesses,” says F&N CEO Hui Choon Kit.
Fraser & Neave has completed the RM489.2 million acquisition of Cocoaland Holdings and the latter delisted on Nov 25 from Bursa Malaysia.
The acquisition of the gummy candy maker, first announced on June 3, was meant by F&N to capture a bigger piece of the $1.2 billion packaged food business.
