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San Miguel eyes RFM and Thai brewer

Philippine food and drink group San Miguel Corp. is now considering buying RFM Corp., a local food and beverage manufacturer, said San Miguel vice-chairman Ramon Ang at the beginning of March. San Mig…

Philippine food and drink group San Miguel Corp. is now considering buying RFM Corp., a local food and beverage manufacturer, said San Miguel vice-chairman Ramon Ang at the beginning of March. San Miguel has received a proposal from the Concepcion family for the sale of its majority holdings in RFM. Just last January, San Miguel finalized the purchase of RFM soft drink unit, Cosmos Bottling Corp. Ang said San Miguel is also negotiating for the purchase of a Thailand-based brewer this year. He declined to identify the Thai brewer.

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