Nestle and Fonterra today (26 November) announced plans to establish a joint venture for chilled and liquid dairy products in Chile.

The joint venture will include the manufacture, retail and distribution of yoghurts, desserts, fruit juices, cheese, cream, butter, and margarine in Chile.

The venture will not include other parts of the two companies’ dairy operations such as powdered milk, condensed milk and dairy ingredients, products for export and non-dairy products.

The two companies will each hold 50% of the new company, which will be called DPA Chile. It will be part of the Dairy Partners Americas (DPA) alliance, which was established between Nestle and Fonterra in 2002, under which a number of local joint ventures have been launched in Latin America.

Nestle said that the formation of the joint venture is being submitted to the Chilean antitrust authorities and is subject to regulatory approval.

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By GlobalData