FrieslandCampina has acquired all remaining shares in Friesland Huishan Dairy (FHD), a joint venture it set up in 2014 with Huishan to sell infant formula in China.
As a result, FHD is now a 100% owned subsidiary of FrieslandCampina. Besides infant formula, FHD produces tea creamers and coffee creamers on behalf of other FrieslandCampina companies. The FHD plant is located near Shenyang in Liaoning Province.
Upon announcement of the joint venture in 2015, the companies said that the collaboration would benefit from each of their production, sales and marketing capabilities.
In the past year, FrieslandCampina has undergone a number of structural adjustments. Last June it announced it would build a 70,000-square-metre distribution centre in the Netherlands, consolidating its activities across four current warehouses in the country. Meanwhile, its Gütersloh plant in Germany is due to close in the second quarter of 2018.
In August, the Dutch dairy cooperative offloaded its fruit juice producer Riedel to Dutch-based firm Standard Investment.
There have been two new additions to the company’s executive board this year, with the appointment of Hein Schumacher as CEO and Jaska de Bakker as CFO.
Source: FoodBev
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
