Who owns Carnation (Southeast Asia)?
Carnation (Southeast Asia) is made and sold by F&N Holdings (Malaysia, Bursa Malaysia: F&N) under licence, an arrangement in place since 2007; F&N Holdings does not own the name.[1] The Carnation name is owned by Nestlé.
Evidence: Fraser & Neave Holdings Bhd Annual Report 2025. Last checked .
Key facts
- Licensed to
- Fraser & Neave Holdings Bhd reported
- Since
- Headquarters
- 🇲🇾 Malaysia, Petaling Jaya, Selangor
- Origin
- 🇺🇸 United States
- Category
- Food › Dairy & alternatives › Milk & cream
- Parent ticker
- Bursa Malaysia: F&N
- Last verified
- · 2 sources
About Carnation (Southeast Asia)
Carnation is the leading evaporated creamer in Malaysia and the leading canned milk brand in Thailand, and in both countries it is made by F&N rather than by Nestlé, which owns the name. F&N bought Nestlé's Thai plants and the licence in 2007 and renewed it in 2015 for a further 22 years, to 2037. A 2025 campaign called "Own the C" pointed out that the C in Malaysia's Kopi C and Teh C stands for Carnation.
Ownership timeline of Carnation (Southeast Asia)
Where Carnation (Southeast Asia) sits in F&N Holdings
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full F&N Holdings ownership tree →
See the full F&N Holdings brand portfolio (11) →
Other brands owned by F&N Holdings
F&N Holdings controls 12 brands on Brandtree, 7 of them in food.
Also in food
Other brands in milk & cream, and who owns them
The 172 brands in milk & cream on Brandtree belong to 81 owners. The largest is Dairy Farmers of America, with 10; F&N Holdings has 3.
| Brand | Owner | Owner based in |
|---|---|---|
| Alta Dena Dairy | Dairy Farmers of America | 🇺🇸 United States |
| Angkormilk | Vinamilk | 🇻🇳 Vietnam |
| Betta Milk | Bega | 🇦🇺 Australia |
| Coronado | Dos Pinos | 🇨🇷 Costa Rica |
| Ambewela | Lanka Milk Foods | 🇱🇰 Sri Lanka |
| Hi High | SUU | 🇲🇳 Mongolia |
| Guliduo | Yili | 🇨🇳 China |
| Campina | FrieslandCampina | 🇳🇱 Netherlands |
About the owner: F&N Holdings
F&N Holdings is a publicly listed company headquartered in Petaling Jaya, Selangor, Malaysia, founded in 1883.
F&N Holdings is the Malaysian arm of a soft drinks and dairy business that began in 1883, when John Fraser and David Chalmers Neave founded The Singapore and Straits Aerated Water Company. It is listed on Bursa Malaysia, is Syariah-compliant, turns over more than 5 billion ringgit a year and operates in Malaysia, Brunei, Thailand and Indochina. It is itself a subsidiary of Fraser and Neave, Limited of Singapore, and has been buying its way into packaged food, taking the Sri Nona companies in 2020 and Cocoaland in 2022.
F&N Holdings: full profile, brands and acquisition history →
🇺🇸 Carnation (Southeast Asia) and other American brands
Brandtree records a controlling owner for 2,570 brands that began in the United States. 501 of them (19%) are now controlled by a company headquartered in another country, Carnation (Southeast Asia) among them.
Frequently asked questions
Who makes Carnation (Southeast Asia)?
F&N Holdings makes and sells Carnation (Southeast Asia) under a licensing agreement that has been in place since 2007.
Does F&N Holdings own Carnation (Southeast Asia)?
No. F&N Holdings holds a licence to make and sell Carnation (Southeast Asia), which is not the same as owning it.
Where did Carnation (Southeast Asia) come from?
Carnation (Southeast Asia) originated in the United States.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Fraser & Neave Holdings Bhd Annual Report 2025 — Fraser & Neave Holdings Bhd, Annual report; retrieved 16 September 2026.
- [2] Fraser and Neave, Limited Annual Report 2024 — Fraser and Neave, Limited, Annual report; retrieved 16 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.