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FFM Berhad (FFM) was incorporated in 1962 but commenced operations as a wheat flour miller in 1966. PPB Group Berhad acquired FFM in 1987 to become a 50.86% listed subsidiary of PPB Group Berhad. In 2004, FFM was privatized pursuant to a members’ scheme of arrangement under Section 176 of the Companies Act 1965, making FFM a wholly-owned subsidiary of PPB.

In 2010, PGEO Group Sdn. Bhd., a wholly-owned subsidiary of Wilmar International Limited, subscribed for 20% equity interest in FFM, diluting PPB’s interest in FFM to 80%.