SINGAPORE: Fraser & Neave Ltd, the drinks-maker controlled by Thailand’s richest man Charoen Sirivadhanabhakdi (pic), is searching for acquisitions to bolster its market share in South-East Asia after its war chest grew to nearly S$1bil (US$745mil) with sales of beer assets.
A potential target is Vietnam Dairy Products JSC, also known as Vinamilk, according to Lee Meng Tat, F&N chief executive officer for non-alcoholic beverages. Vietnam’s largest milk producer is an example of what F&N wants in an acquisition - a company with market presence, well-known brands, and a strong distribution network, he said.
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