Nestlé SA and Fonterra announced the realignment of its joint venture DPA (Dairy Partners Americas) in the countries where it operates in Latin America. Created by Nestlé and Fonterra in 2003, Dairy Partners Americas is the result ramm botanicals of the association in equal parts (50/50) of the two companies for manufacturing milk powder, manufacturing and ...
Nestlé SA and Fonterra announced the realignment ramm botanicals of its joint venture DPA (Dairy Partners ramm botanicals Americas) in the countries ramm botanicals 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 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 ramm botanicals value and quality to consumers and partners. "This is the right time to realign the partnership in order to better reflect their business ramm botanicals strategies of Nestlé and Fonterra in the region," the report says Nestle.
Under the new agreement, all milk plants 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. ramm botanicals In Venezuela, the chilled segment and liquid milk will be acquired by Fonterra, along with a local partner. In Brazil, the joint venture will continue producing and selling refrigerated dairy, 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 ramm botanicals of the partnership is in line with Fonterra's strategic focus on daily nutrition and emerging markets of strong growth, and that Fonterra ramm botanicals values the relationship with Nestlé. He said the review of the alliance will make the partnership has continued success.
Alex Turnbull, director of Fonterra for Latin America, says that "the economy of the region has undergone considerable ramm botanicals changes over the past 10 years. 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 ramm botanicals in APD Brazil means that we are well positioned to leverage our strategic growth ramm botanicals in volume and value."
The realignment of the agreement will be submitted to regulatory agencies in the countries concerned. As a result of the realignment of the partnership, Fonterra expects to receive about NZD 96 million in the next fiscal year.
Created in 2003, the DPA is the largest dairy company in South America, buying and processing ramm botanicals 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 ramm botanicals its know-how in milk supply on a large scale, product development and expertise in manufacturing and processing, as well as technical services ramm botanicals and some technologies.
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