We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

China’s Dairy Firm Yili Will Acquire New Zealand’s Westland Milk

March 19, 2019: 12:00 AM EST
A subsidiary of China’s state-owned dairy company Yili Group will acquire Westland Milk Products of New Zealand for $403 million. A company executive said the proposed transaction would be “the best available outcome” for shareholders, the price being “attractive … to the Westland shares’ nominal value.” The company decided to explore ownership options when it couldn’t deliver competitive milk pay-out in recent years. Hongkong Jingang Trade Holding, a subsidiary of Yili, will carry out the acquisition. Yili has been in New Zealand since 2013 when it acquired Oceania, the South Canterbury-based dairy company.
Jules Scully, "Yili set to acquire Westland Milk Products in deal worth $403m", FoodBev Media , March 19, 2019, © FoodBev Media Ltd
China Business
Focus Areas
Market News
Mergers & Acquisitions
New Zealand
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Other Companies
Products & Brands
Developed by Yuri Ingultsov Software Lab.