Beingmate

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South Korea: Maeil Dairies enters joint venture with Beingmate

November 6, 2015

Maeil Dairies, a Korean manufacturer of milk products, infant formula, coffees and juices, has entered into a joint venture agreement with Hangzhou, China based Beingmate Baby & Child Food, a leading Chinese baby formula manufacturer, to develop new health-focused baby milk products. Named Hangzhou Beingmate Maeil Food Company, the joint venture will reportedly focus on the production of a special instant formula for premature or low-weight babies, lactose-intolerant infants and …

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China: Fonterra buys 18.8% stake in Beingmate

March 23, 2015

Asia Pacific, Food

New Zealand’s Fonterra Co-operative Group Ltd, the world’s largest dairy products exporter, has completed a partial tender offer to buy an 18.8 percent stake (worth US$551.95 million) in Chinese infant formula manufacturer Beingmate Baby and Child Food Co. Ltd. The amount is slightly less than the 20 percent stake the company had been planned to purchase. “Our goal was to acquire up to 20 per cent. We are extremely satisfied …

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