Glanbia, an Irish-based international dairy company specialising in cheese and nutrition products, and Conaprole, a leading Latin American dairy co-operative based in Uruguay, have announced an agreement to establish a joint venture company to develop dairy ingredient sales in Latin American and African markets.
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Under the 50/50 joint venture arrangement a new sales company, Conabia, is being established in Mexico to develop commercial opportunities for a full range of dairy ingredients manufactured by Conaprole in Uruguay and by Glanbia in the USA and EU.
Conabia will initially serve markets in the Caribbean, Mexico and Central and South America. In addition, Glanbia receives exclusive rights to promote Conaprole whole milk powders in Africa.
