Fraser and Neave
 |
|
| Public | |
| Traded as | SGX: F99 |
| Industry | Conglomerate |
| Founded | 1883 (as Singapore and Straits Aerated Water Company) |
| Founder |
John Fraser David Chalmers Neave |
| Headquarters | Singapore |
|
Area served
|
Worldwide |
|
Key people
|
Charoen Sirivadhanabhakdi, Chairman Lim Yew Hoe, CEO |
| Products | Food and Beverage, Publishing |
| Revenue |
 $5.697 billion USD (March 2011) |
| Profit |
$584 million USD (March 2011) |
| Total assets | $14 billion |
| Owner | ThaiBev |
|
Number of employees
|
17,000 |
| Subsidiaries |
Fraser & Neave Holdings Bhd, Times Publishing Group |
| Website | www.fraserandneave.com |
Fraser and Neave, Limited (F&N) is a food and beverage, publishing and former brewing and property industries conglomerate in Singapore.
Listed in Singapore, the group’s subsidiaries and associated companies include Frasers Centrepoint, Asia Pacific Breweries and Times Publishing. As of 2011, F&N had total assets of over S$14 billion and employed over 7,890 people in 11 countries.
In January 2014, through a distribution in specie and re-listing of Frasers Centrepoint Limited by way of introduction on the Singapore stock exchange, the Group de-merged its Properties business.
The company (Singapore and Straits Aerated Water Company) was formed in 1883 by John Fraser and David Chalmers Neave, who diversified from their printing business (Singapore and Straits Printing Office) to pioneer the aerated water business in Southeast Asia in 1883.
In 1898, a new public company was formed and the two businesses were sold to the new company, named Fraser & Neave (F&N), for $290,000 in cash and shares.
In 1931, Fraser & Neave formed a joint venture with Holland’s Heineken to venture into the brewing business. The brewery, Malayan Breweries Limited produced Tiger Beer, and later acquired Archipelago Brewery, which produced Anchor Beer.
In 1936, F&N acquired the Singapore, Malaya and Brunei franchise rights for Coca-Cola drinks. Alongside its own range of F&N branded drinks, the company went on to acquire the rights to other PepsiCo, Coca-Cola, and Cadbury Schweppes brands – such as – 7-Up, Fanta, and Sunkist.
In 1990, Malayan Breweries changed its name to Asia Pacific Breweries.
In 1999, F&N purchased a 20% stake in Times Publishing before taking majority control of the company in 2000, with the entire acquisition costing around S$570 million. This put F&N into the printing, publishing, retail bookstore, sales and distribution, education, internet and conference organisation businesses. In 2001, F&N took both Times and Centrepoint Properties private.
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Wikipedia