Over the years, Natural Cool has upheld its commitment in building a brand synonymous with reliability, safety and efficiency through its range of products and solutions. We will continue to improve our capabilities, harness new technologies to provide service excellence to our partners and customers.
On 7 May 2007, we held the ground breaking ceremony of 29 Tai Seng Avenue, Natural Cool Lifestyle Hub. It was graced by guest-of-honour, Dr Vivian Balakrishnan, the then Minister for Community Development, Youth and Sports and Second Minister for Information, Communications and the Arts. The new corporate head office unified our core operations under one roof to provide synergies and support Natural Cool’s regional expansion.
In end September 2008, management teams and staff moved into Natural Cool Lifestyle Hub. The building offered larger showrooms to showcase Natural Cool’s comprehensive range of products, definitely larger work space for our daily operations and ample space to hold major events and staff bonding activities.
On 10 March 2009, we held the official opening ceremony for our new corporate head office, Natural Cool Lifestyle Hub, at Tai Seng Avenue. The then Minister for Community Development, Youth and Sports, Dr Vivian Balakrishnan, was Guest-of-Honour at the opening ceremony. During the ceremony, S$70,000 was raised from fundraising exercise to go towards the Singapore Association for the Deaf.
On 1 September 2015, the Group completed the acquisition of the Paint Division, Loh & Sons Paint Co (S) Pte Ltd. The principal activity of the business is manufacturing of paint and basic chemicals in Singapore, providing additional revenue stream to the Group.
On 1 August 2017, Natural Cool Asia Pte. Ltd. was incorporated to undertake the sale and distribution of air-conditioning products outside of Singapore and was appointed as a distributor by Panasonic for certain of its commercial air-conditioning products in selected South East Asian and South Asian countries.
On 16 November 2017, through Natural Cool Precision Pte. Ltd., we completed the purchase of property at 87 Defu Lane 10 Singapore 539219. As part of our future business expansion plans, we envisaged that we will require additional office and warehouse space and the purchase represented a good opportunity for the Group to acquire an industrial property that is in close proximity to the existing operations of its air-conditioning business. The property is also a strategically located and proximate to our Group head office.
On 1 August 2018, through NCAE, the Group completed the acquisition from JAD Solutions Pte. Ltd. (JAD). JAD is a specialist mechanical and electrical systems contractor which is involved in providing consulting, design, construction, testing and certification of high containment facilities, and their maintenance. The acquisition allowed the Group to extend its existing air-conditioning business and penetrate into the related but specialised air-conditioning and mechanical ventilation market by leveraging on JAD’s market access and technical knowledge. It is expected to lead to synergies that will result in better operational efficiency and increased cost savings.
On 18 February 2019 and 25 February 2019, the Group incorporated SFB Holdings Pte. Ltd. and Yummy (S) Pte. Ltd. respectively to foray into the food and beverage business as a means to build a potentially new source of revenue and profits.