Vinamilk, Vietnam’s largest dairy processor, has confirmed that it is in talks to acquire an unnamed dairy group in the US. 

A spokesperson for the company told just-food that the company is unable to provide detail on its M&A ambitions in the US as the deal is yet to be finalised. The spokesperson added: “We are still looking and evaluating M&A opportunities so that Vinamilk could expand the size of the company, penetrate new markets and increase revenue.”

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In an interview with Bloomberg, CEO Mai Kieu Lien revealed that the company hopes to close the deal before the end of this year and suggested that the company could increase its M&A expenditure as it works to grow via acquisitions. 

Earlier this year, Vinamilk revealed it was taking 100% control of US dairy group Driftwood Dairy. The company said it would pay US$30m for the additional 30% in Driftwood that it did not already hold. 

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