CHINA DAIRY TAKE OVER FOLLOWS CHINESE GOVERNMENT POLICY FAVOURING INFANT FORMULA CONSOLIDATION
October 1st, 2019
The USA-owned Shengyuan International Group (trading as Synutra - http://www.synutraingredients.com and https://www.shengyuan.com.cn/), a China-focused milk powder specialist, has successfully acquired a Chinese dairy sector competitor Alfbeta (Chinese name Harbin Aibeite). The deal has been confirmed by a note from the new subsidiary – posted in Mandarin on http://www.aibeite.com.
Harbin, Heilongjiang province-based Alfbeta is a long-established fully automatic integrated and dairy company that processes 1,000 tonnes of milk per day and conducts ...
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