Business
A2 Milk looks to boost Chinese connections with $250m acquisition – Sydney Morning Herald
Infant formula and milk seller A2 Milk has made a Christmas Eve acquisition of New Zealand dairy company Mataura to strengthen its relationships with Chinese business…
A2 Milk has previously flagged its desire to increase its direct sales into China after the companys key daigou reseller channel collapsed due to COVID-19, prompting a near half-a-billion sales downgrade earlier this month.
Chief executive Geoff Babidge said the deal with Mataura and CAHG would be key to establishing a strong base of operations in New Zealand, along with forging a deeper bond with A2s Chinese partners.
“MVM provides a unique opportunity to acquire a new world class nutritional products…
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