Mead Johnson Nutrition Company is pleased to announce it has reached an agreement to acquire spray drying and finishing capabilities in Australia from Bega Cheese Limited (Bega), one of Australia’s leading dairy product companies.
This deal builds on the long and successful relationship between the two companies, as Bega has been a certified ingredient supplier for MJN products since 2009.
“We believe that supply chain flexibility is important in the pediatric nutrition category,” commented Kasper Jakobsen, president and chief executive officer. “This acquisition further strengthens our ability to protect and expand our growth in China by creating both additional capacity and the ability to adapt to a changing regulatory environment.”
“Bega is known the world over for its pure, high-quality dairy sourcing and its environmentally responsible operations,” noted Jeff Jobe, Senior Vice President – Global Operations. “These outstanding facilities – with which we are very familiar – are a perfect fit for our global supply chain network, which is built on our uncompromising commitment to scientific rigor and product quality.”
“In our drive to become even more consumer-centric, this move also enables us to better respond to evolving consumer preferences and to compete effectively in additional market segments in China,” added Jakobsen.
The transaction is expected to close in the second quarter of 2017.
Source:Mead Johnson
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