Yashili, Danone collaboration to include new Pokeno milk plant

Mon, 27 Jul 2015

By Fiona Rotherham July 27 (BusinessDesk) - Chinese-owned Yashili International Holdings will collaborate with French dairy giant Danone on its new $212 million plant in Auckland, as part of a wider deal for the Chinese milk formula maker to buy Danone's Dumex China brand amid tightening competition in the world’s largest infant formula market. Yashili, which is 25 percent-owned by Danone and one of China’s top 10 infant formula makers by sales, said it plans to acquire Dumex Baby Food for an undisclosed amount. Danone will use the proce...

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