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.
Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.
After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.
The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.