Chinese dairy firm Yili has announced that it is set to acquire New Zealand’s Westland Milk Products, a New Zealand dairy firm, via its subsidiary Hongkong Jingang Trade Holding for an enterprise value of 588 million NZD ($400 million). Westland Milk Products manufactures a range of dairy products and ingredients for foodservice, industrial and retail clients. Its retail lineup includes Westgold butter and UHT milk, and the make-at-home yoghurt brand …
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Yili, China’s leading dairy company, has purchased a 37% stake in rival dairy firm Shengmu for $680 million, according to a report in Bloomberg. Shengmu, which specialises in organic milks and yoghurts, is the only Chinese dairy company to sell and produce organic milk which is certified European-standard, Bloomberg reports. It claims to have a 54.2% market share in China based on 2013 organic raw milk production volume. They are …
Chinese dairy company Yili, in partnership with packaging firm SIG Combibloc, has launched a new UHT yoghurt drink under the Baoquzhu brand that contains alginate balls filled with juice that are said to burst in the mouth when chewed. Head of marketing Asia Pacific North at SIG Combibloc Eric Ding said: “The local market is invigorated by new product developments that offer added value for consumers – for example, with …
The Chinese dairy producer Inner Mongolia Yili Industrial Group Co Ltd is to invest NZ$400 million ($327 million) in dairy production in New Zealand. The first phase has seen the establishment of a dairy base located in Waimate, South Island, New Zealand at a cost of 1.2 billion yuan ($200 million), as part of an investment in Oceania Dairy Limited, a wholly-owned subsidiary of Yili. The proposed operation also includes …
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