UNITED STATES-BASED sausage producer Johnsonville and local company Frabelle Fishing Corp. announced on Monday the formation of a joint venture firm called Frabelle Corp. (FBC) to take advantage of the Philippines’ large market for hotdog and other frozen meat products.
In a joint briefing in Makati City, the two partners said Johnsonville would own 51 percent of FBC and Frabelle the rest.
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