Liberty Flour Mills reviews strategic options for flour business as it weighs future growth paths
The board noted that while the flour business continues to play a significant role within the group, the timing is appropriate to assess whether alternative structures could unlock greater value.
PHILIPPINES – Liberty Flour Mills Inc. (LFM) has initiated a strategic review of its flour milling business and other non-core assets as part of a broader effort to position the company for long-term growth and improved capital allocation.
In a disclosure to the stock exchange, LFM said its board of directors has approved the commencement of a formal review process and appointed a financial advisor to support the exercise.
The review will examine a range of strategic alternatives for the flour milling business, which remains a core contributor to the company’s operations.
“The objective of the strategic review is to evaluate all available paths to maximize shareholder value and ensure the company’s capital is allocated to the highest-growth opportunities,” LFM said in the filing.
According to the company, the options under consideration include a potential sale, demerger, joint venture, or the continued retention and further development of the flour business within the company’s existing structure.
LFM stressed that the review is still at an early stage and that there is no certainty it will lead to a transaction or a specific outcome.
The board noted that while the flour business continues to play a significant role within the group, the timing is appropriate to assess whether alternative structures could unlock greater value.
“However, the board believes it is timely to assess different options that could better unlock its value and support its future growth,” the company said.
LFM also emphasized that operations across all business units will continue as normal throughout the review period, with no immediate impact expected on customers, suppliers, or employees.
Founded on Dec. 26, 1958, Liberty Flour Mills was established to engage in the manufacturing of flour, the utilization of milling by-products, and the distribution and sale of its products.
Over more than six decades, the company has built a presence in the domestic milling and baking supply chain, serving industrial and commercial customers across the country.
The company’s core product portfolio consists mainly of bakery flour products marketed under the El Superior, LFM Bakers, Pine Tree, and LFM Soft brands.
These products are sold largely on a wholesale basis, principally to bakeries and players within the broader food supply industry. In addition to flour, LFM produces mill feed, a by-product of the milling process that is widely used in animal feed formulations.
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