Sector News

Fonterra Makes Offer For Stake In Beingmate Baby & Child Food

February 12, 2015
Consumer Packaged Goods
Fonterra Co-Operative Group has submitted a tender offer for a stake of up to 20% in Chinese infant formula manufacturer Beingmate Baby & Child Food Company Ltd.
 
The company said in a statement it had submitted an offer to the Shenzhen Stock Exchange and expected to know the result of the tender offer on March 18.
 
No financial details were released.
 
Last August, Fonterra and Beingmate announced they intended to form a global partnership to help meet China’s growing demand for infant formula.
 
“The partnership will create a fully integrated global supply chain from the farm gate direct to China’s consumers, using Fonterra’s milk pools and manufacturing sites in New Zealand, Australia and Europe,” Fonterra added in the statement.
 
By Lucy Craymer 
 

comments closed

Related News

April 26, 2024

Haleon names new Finance Chief and new CHRO

Consumer Packaged Goods

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.

April 26, 2024

Campari to double Aperol production capacity with €75m investment

Consumer Packaged Goods

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.

April 26, 2024

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Consumer Packaged Goods

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.

How can we help you?

We're easy to reach