LOTTE SAMKANG BUYS PASTEUR MILK
October 1st, 2010
BY WANG FANGQING
LOTTE Samkang, a Seoul-based food manufacturer of Lotte Group, will pay Korea Won87 billion (USD780.3 million) to buy Pasteur Milk, the eighth largest dairy products manufacturer in South Korea. "We will keep the brand Pasteur and continue to produce its current products in the near future," said a spokesman of Lotte Samkang. Pasteur's major products include milk, milk powder and yogurt. He said all other details, including possible investment, new products development and expected annual production capacity, are still in discussion. ...
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