The agreement between NestlT and FN was announced on Monday. FN will buy outright the Tea Pot trademark and license the Milkmaid, Ideal, Cap Junjung and Carnation trademarks for evaporated milk, sweetened condensed milk, sweetened beverage creamer and evaporated creamer in Malaysia, Singapore and Brunei. In Thailand, the FN group will license the Carnation, Milkmaid and Bear brands and buy all of NestlT's dairy and juice production facilities and equipment.
The licenses will be for an initial period of five...
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