FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that had been previously sold by Danone to Mengniu in 2016. In a statement, Danone said: …
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Lion Australia, the Kirin-owned Australian food and drinks manufacturer, has announced it has reached an agreement to sell its Dairy & Drinks business to Chinese dairy firm Mengniu in a deal valued at A$600 million ($406 million). The sale includes all white milk, milk-based drinks, yoghurt, juice and water ice brands and assets, as well as Lion Dairy & Drinks’ International business, its share of the joint ventures Vitasoy Australia Products and …
China’s Yashili New Zealand Dairy, a subsidiary of Yashili International and Mengniu Dairy, has opened an infant formula plant in Pokeno, Auckland, New Zealand after a three-year construction period. Yashili New Zealand general manager and director William Zhao said the company chose Pokeno because of its geography, location and excellent dairy farming facilities. “The operation of the Mengniu-Yashili New Zealand plant will help to build a global network for Mengniu …
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