WhiteWave Foods to Form JV with China Mengniu Dairy Company
The WhiteWave Foods Company (NYSE: WWAV) today announced that it has entered into a joint venture agreement with
China Mengniu Dairy Company Limited (“Mengniu”), a leading Chinese dairy
company. The joint venture intends to manufacture, market and sell a
range of nutritious products in China. The joint venture has also
executed an agreement to purchase Yashili Zhengzhou (“Zhengzhou”), a
subsidiary of Yashili International Holdings Ltd (“Yashili”).
Zhengzhou's primary asset is a production facility currently under
construction in China, where the joint venture intends to manufacture
its products. Mengniu is the majority owner of Yashili.