Fraser and Neave
Encyclopedia
Fraser & Neave Limited is a food and beverage, brewing, property and publishing & printing 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$13 billion and employed over 13,000 people in 20 countries.
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 1990, Malayan Breweries changed its name to Asia Pacific Breweries.
In 2006, the Singapore government investment company Temasek Holdings took a 14.9%, S$900 million stake in F&N, becoming F&N’s second-largest investor.Temasek’s entire stake was sold to Japan’s Kirin Holdings for S$1.33 billion in 2010.
In 2008, F&N reorganised its management structure and appointed chief executives for three of its core businesses, food & beverage, property and printing and publishing.
Listed in Singapore, the group’s subsidiaries and associated companies include Frasers Centrepoint, Asia Pacific Breweries
Asia Pacific Breweries
Asia Pacific Breweries is an Asian brewery company founded as Malayan Breweries Limited in 1931, in a joint venture between Heineken International and Fraser and Neave, and given its present name in 1990. It currently controls 30 breweries in 12 countries in the Asia Pacific region, selling over...
and Times Publishing. As of 2011, F&N had total assets of over S$13 billion and employed over 13,000 people in 20 countries.
Early history
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.
Diversification, franchising and restructuring
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 brands like 7-Up, Fanta and Sunkist.In 1990, Malayan Breweries changed its name to Asia Pacific Breweries.
Recent history
In 1999, F&N purchased a 20% stake in Time 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 Time and Centrepoint Properties private.In 2006, the Singapore government investment company Temasek Holdings took a 14.9%, S$900 million stake in F&N, becoming F&N’s second-largest investor.Temasek’s entire stake was sold to Japan’s Kirin Holdings for S$1.33 billion in 2010.
In 2008, F&N reorganised its management structure and appointed chief executives for three of its core businesses, food & beverage, property and printing and publishing.