Stock Information

FB | SAN MIGUEL FOOD AND BEVERAGE, INC.

Sector: INDUSTRIAL | Sub-Sector: FOOD, BEVERAGE & TOBACCO

San Miguel Food and Beverage, Inc. (FB), formerly San Miguel Pure Foods Company, Inc., was incorporated on October 31, 1956 to primarily engage in the business of manufacturing and marketing of processed meat products. FB, through its subsidiaries, later on diversified into poultry and livestock operations, feeds and flour milling, dairy and coffee operations, franchising and young animal ration manufacturing and distribution.

In 2018, FB amended its primary purpose and changed its corporate name to the present one to reflect its expansion into the alcoholic and non-alcoholic beverage business. In the same year, the Securities and Exchange Commission approved the increase in authorized capital stock of FB, by virtue of which FB issued new common shares to its intermediate parent San Miguel Corporation (SMC) in exchange for SMC's common shares in San Miguel Brewery Inc. (SMB) and Ginebra San Miguel Inc. (GSMI), completing the consolidation of the food and beverage businesses of SMC under FB.

As a result, FB is now operating in three business segments: beer and non-alcoholic beverages, spirits, and food. Among the brands in its portfolio include "Magnolia" for chicken, ice cream and dairy products; "Monterey" for fresh and marinated meats; "Purefoods" for refrigerated processed meats and canned meats; "Star" and "Dari Creme" for margarine; "San Mig Coffee" for coffee; "B-Meg" for animal feeds; and "San Miguel Pale Pilsen" and "Ginebra San Miguel" for alcoholic beverages.

Aside from SMB and GSMI, FB's subsidiaries include San Miguel Foods, Inc.; San Miguel Mills, Inc.; The Purefoods-Hormel Company, Inc.; Magnolia, Inc.; San Miguel Foods International, Limited; and San Miguel Super Coffeemix Co., Inc.

Source: SEC Form 17-A (2024)