Last July, JFC gobbled up CBTL
, marking JFC's biggest acquisition so far and moving the company a step closer to its goal of becoming one of the top five largest restaurant companies in the world.
In its disclosure to the Philippine Stock Exchange, the company said it is buying the entire company that owns the CBTL
brand for $350 million on a debt-free basis, or the acquired company will have no debts upon acquisition.
will be JFC's second largest business after Jollibee brand while coffee business will account for 14 percent of JFC's worldwide system sales.
Located at Shah Alam (Selangor) in the heart of Malaysia's manufacturing industry, the new CBTL
lab puts TUV Rheinland closer to customers.
The new CBTL
lab has already tested a wide range of household products for safety and energy efficiency.
The qualification makes the laboratory, which is operated by ITRI's Center for Measurement Standards (CMS), Taiwan's first CBTL
, which is created by IEC for Electrical Equipment's (IECEE's) CB Scheme.
Our analysis considered switchgrass as the biomass portion of the CBTL
launched two sandwiches A- chicken tikka and chicken haloumi A- to mark the occasion.
is a guide to research materials available online and in public library collections and is maintained collaboratively by librarians in northeast Wisconsin.
News of Jollibee's buying the US brand Coffee Bean and Tea Leaf (CBTL
) was the talk of the town last week.
JFC will acquire CBTL
for $350 million with an initial investment of $100 million.