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Rfm Company Background

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RFM Company
COMPANY BACKGROUND 1. Nature of business

RFM Corporation in the Philippines, mainly operates in the food and beverage industry. It processes and manufactures flour and flour-based products, milk and juice drinks, canned and processed meats, ice cream, and bottled mineral water. The company also engages in non-food businesses, like barging services, Rizal Lighterage Corporation, and insurance brokerage, RFM Insurance Brokers, Inc. The company operates two major business segments, the flour and bakery products and some branded food group that produces flour-based mixes, pasta, canned and processed meat, milk, and juices.

2. Founders a. Salvador Araneta

b. Victoria Lopez de Araneta

c. Jose N. Concepcion, Sr.

d. B.J. Server

e. Albino Sycip

f. Zoilo Alberto

g. Fracisco D. Gamboa

h. Edward Miller Grimm

i. Leonardo Eugenio

j. David Sycip

k. Charles Parsons

3. Date of founding: August 16, 1957 4. Important dates: a. August 16, 1957 – foundation b. 1967 – incorporated as Republic Flour Mills, Incorporated c. 1971 – hog and poultry breeding; entered licensing agreement with Peterson Industries and H&N Layers d. 1973 * company diversified its business: cooking oils and margarine * entered licensing with Swift Foods, Inc. and Company of Illinois for canned meat processing e. 1975 – hog and poultry feeds f. 1987 – RFM bought Swift for exclusive use in the Philippines g. 1989 – acquired Cosmos Bottling Corporation h. 1990 – acquired Selecta brand from Acre Family i. 1995 – incorporated RFM Properties and Holdings, Inc. j. 1996 – acquired Rollin Pin trademark, Dairy Queen, and Little Caesar’s Pizza k. 1999 – registered WS Holdings, Inc., a joint venture between RFM and Unilever l. 2008 – Renamed FM Properties and Holdings, Inc. to Philtown Properties, Inc.

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