DPA: Nestlé preserving meat will get milk powder factories and Fonterra will have 51% of the chilled preserving meat division in Brazil MilkPoint Nestle SA and Fonterra announced the realignment of its joint venture DPA (Dairy Partners preserving meat Americas) in the countries where it operates in Latin America. Created by Nestlé and Fonterra in 2003, Dairy Partners Americas is the result of the association in equal parts (50/50) of the two companies for manufacturing preserving meat milk powder, manufacturing and marketing of dairy chilled throughout Latin America.
According to a statement of Nestlé, over the last ten years, DPA has shown good performance, delivering value and quality to consumers and partners. "This is the right time to realign the partnership in order to better preserving meat reflect their business strategies of Nestlé and Fonterra in the region," the report preserving meat says Nestle. Under the new agreement, all milk plants preserving meat in DPA Manufacturing powder operated by the joint venture in Brazil, Argentina, Ecuador and Colombia return to the ownership and operation of Nestlé and the liquid milk business in Ecuador. In Venezuela, the chilled segment and liquid preserving meat milk will be acquired by Fonterra, along with a local partner. In Brazil, the joint venture will continue producing and selling refrigerated dairy, preserving meat and Fonterra will hold 51% of the control and Nestlé, 49%. Companies do not anticipate loss of jobs resulting from this transaction. The MilkPoint learns DPA Brazil Nestlé will assume the collection of milk and (at least at first) supply the DPA with raw material for the chilled factories. The milk collection team DPA will be absorbed by Nestlé. For the CEO of Fonterra, Theo Spierings, the review of the partnership is in line with Fonterra's strategic focus on daily nutrition and emerging markets of strong preserving meat growth, and that Fonterra values the relationship with Nestlé. He said the review of the alliance will make the partnership has continued success. "The agreement will also allow the cooperative to obtain long-term value in the region to its associated producers," explains. Alex Turnbull, director of Fonterra for Latin America, says that "the economy of the region has undergone considerable changes over the past 10 years. preserving meat We have seen growing prosperity in markets such as Brazil, with rapid urbanization and a focus on healthy nutrition pulling the demand for milk. " For him, "greater involvement in APD Brazil means that we are well positioned to leverage our strategic preserving meat growth in volume and value." The realignment of the agreement will be submitted to regulatory agencies in the countries preserving meat concerned. As a result preserving meat of the realignment preserving meat of the partnership, Fonterra expects to receive about NZD 96 million in the next fiscal year. About DPA Created in 2003, the DPA is the largest dairy company in South America, buying and processing preserving meat more than 2 billion liters of milk a year. DPA produces ingredients and products for the consumer market through brands sources in liquid milk segment and chilled throughout Latin America. Fonterra licenses brands and brings preserving meat its know-how in milk supply on a large scale, product development and expertise in manufacturing and processing, as well as technical services and some technologies. Nestlé licenses brands and brings product development, expertise in manufacturing and processing, and distribution infrastructure. Information provided by Nestle, Fonterra and MilkPoint. Note MilkPoint: in practice, the milk supply of thick back for Nestlé, as the milk powder business, which demand more milk, are now with the Swiss company. Also, the information preserving meat past the partnership preserving meat is restricted to Brazil and only with chilled. In other words, the partnership between Nestlé and Fonterra, largely ceases to exist.
UCV FCV-1975.
EN VENEZUELA (Darle Click)
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