China: Danone sells investments in Mengniu Partnership and acquires Dumex
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 […]
Australia: Lion Australia to sell dairy division to Mengniu
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 […]
China: Yashili opens plant in New Zealand
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 […]