Joint Venture in the Philippines Food Sector

On 10 June 2019, Johnsonville formed a joint venture with Frabelle Fishing Corporation to jointly manufacture, distribute and sell chilled and frozen meat products in the Philippines. The joint venture will be called Frabelle Corporation (FBC), which will house the Bossing, Pinoy, Yummy, Cheezydog, and Premium meat brands of Frabelle Fishing Corp. and manage Johnsonville’s business in the Philippines. Johnsonville will own 51% of FBC.

Frabelle Fishing Corporation, a prominent Philippine company, is based in Manila. The company is engaged in diverse business lines, primarily in fishing, seafood processing, meat products, shipbuilding, energy and real estate.

Johnsonville is a Sheboygan, Wisconsin-based US company and is one of the world’s leading producers of meat and sausage products.

Pickering Pacific is proud to have advised Johnsonville on a second transaction in the region after their acquisition of QB Foods in Singapore in January 2015.

You can access Johnsonville’s press release here.