To Press Releases listVevey,October 16, 2006
As part of the process of streamlining its product portfolio currently underway, Nestlé has reached agreement to sell certain of its canned liquid milk businesses to Fraser & Neave Holdings Berhad (F&N), a Singapore-based company. F&N will take over the manufacturing and distribution under licence of Nestlé canned liquid milk products in Thailand, Malaysia, Singapore, Brunei and some other countries in the region from 1 February 2007. Under the agreement, F&N will acquire a number of liquid milk production assets currently located in Nestlé plants in Thailand.
This agreement will enable Nestlé to further sharpen its focus on higher value-added branded products, thereby accelerating its move towards nutrition, health and wellness.
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622