Ginebra San Miguel, Inc. (GSMI, Tagalog pronunciation: ) (PSE: GSMI) (formerly, La Tondeña Distillers, Inc.) is a Philippines-based diversified beverage company majority-owned by San Miguel Food and Beverage, Inc. La Tondeña was established in 1902 by Carlos Palanca, Sr. in Tondo, Manila and incorporated as La Tondeña, Inc. in 1929. The company name was inspired from its location. The distillery pioneered the production of alcohol derived from molasses, instead of the commonly used nipa palm. In 1924, it acquired the Ayala Distillery (Destilería Ayala) from Ayala y Compañía (precursor of Ayala Corporation). In 1955, the company acquired Añejo Rhum from Tabacalera (Compañía General de Tabacos de Filipinas). In 1957, it acquired the trademark rights to Kulafu to launch Vino Kulafu Chinese herbal wine. More information...
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