Mead Johnson Nutrition, SanCor Announce Plans for Joint Venture

Mead Johnson Nutrition MJN and SanCor Cooperativas Unidas Ltda. of Argentina, a dairy producer in Argentina, today announced an undertaking in principle to form a joint venture that will bring leading and innovative nutritional products to infants and children in Argentina and the other Southern Cone markets. The new joint venture – which would be owned 80% by Mead Johnson and 20% by SanCor – will develop dairy nutrition technology and provide science-based infant formulas and growing-up milks for babies and children. Working as an independent entity, it will develop and market products exclusively under the “SanCor Bebe” brand.