Liberty Flour Mills mulls sale of flagship business

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January 30, 2026 | 12:00am

MANILA, Philippines — Liberty Flour Mills Inc. (LFM) is studying various options to help fuel its future growth, including the potential sale of its flour milling business.

In a stock exchange filing, LFM said its board has resolved to start a formal review of strategic options for its flour milling business and other non-core assets.

The company’s board has appointed an advisor to assist in the process.

“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.

“Options to be considered during the review include, but are not limited to, a potential sale, demerger, joint venture, or the continued retention and further development of the flour business within the company’s existing structure,” it said.

The company said the flour business remains a significant part of its operations.

“However, the board believes it is timely to assess different options that could better unlock its value and support its future growth,” it said.

LFM noted the strategic review is at a preliminary stage and there is no certainty that the review would result in any specific transaction or outcome.

It said that operations across all business units would continue as normal throughout the duration of the review.

LFM was incorporated on Dec. 26, 1958 to engage in the business of manufacturing flour, utilization of its by-products and the distribution and sales of its produce.

Its products consist mainly of bakery flour products under the brands El Superior, LFM Bakers, Pine Tree and LFM Soft, which are sold mainly on a wholesale basis principally to members of the baking and food supply industry nationwide.

In addition, the company produces mill feed, a flour by-product used for animal feeds.

LFM also has two subsidiaries — LFM Properties Corp., which is involved in the business of leasing out office and commercial spaces, and Liberty Engineering Corp., which is engaged in the sale, lease and purchase of equipment and machinery.