SAUDI: Almarai takes over Mead Johnson infant JV
Almarai in $4m acquisition
Almarai and Mead Johnson set up International Pediatric Nutrition Company in 2010 to sell infant formula products.
Under the terms of their agreement, the parties said they would review the venture three years later, which has led to a restructuring of their partnership.
Almarai has paid US$4m to buy out Mead Johnson and become the sole shareholder of the venture. The two sides have struck deals on the continued use of trademarks and technical support. IPNC markets formula under Mead Johnson's Enfagrow and Enfamil brands.
Almarai operates in the dairy, bakery and poultry sector and suppliers over 48,000 customers in the GCC daily, according to the company's website.
Mead Johnson remains the leader in milk formula in China. However, this market is undergoing changes which may intensify competition going forward. Meanwhile, public perception of infant milk formula ...
"Almarai Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overv...
Almarai is among the leading players in packaged food in the UAE and ranks first in dairy products. Having established a new subsidiary in the UAE in 2012, the company is expected to have an even stro...
Almarai seeks to further strengthen its position as the leader in packaged food through the production and distribution of high-quality and nutritious products that “enrich our customers’ lives every ...
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