Fonterra, Nestlé to sell Dairy Partners Americas to Lactalis for $132m
Fonterra and Nestlé have reached a deal to sell their Brazilian joint venture — Dairy Partners Americas (DPA) to Lactalis for BRL 700 million ($132.2 million). The deal, which is subject to regulatory authority approvals, is likely to close by mid-2023. Dairy Partners Americas was formed by Fonterra and Nestlé in 2003 for manufacturing and […]