“We are confident that the new acquisitions will help us grow our halal food categories. It will also complement our offerings, introduce more innovative products and increase our profit margin in the long run, ” said F&N’s chief executive officer Lim Yew Hoe in the statement.
PETALING JAYA: Fraser & Neave Holdings Bhd
(F&N) will be capitalising on the sales of halal food to create new areas of growth for the company.
F&N said in a statement that this would be the group’s third pillar of growth after its acquisition of three food and beverage companies, namely, Sri Nona Food Industries Sdn Bhd, Sri Nona Industries Sdn Bhd and Lee Shun Hing Sauce Industries Sdn Bhd, for up to RM60mil.
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