Nestlé has sold a dairy unit in Vietnam for an undisclosed sum, the company told just-food today (18 April).
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The Swiss group sold the subsidiary, Ba Vi Dairy Products Company, to food producer Anco Group.
A Nestlé spokesman said the company wanted to focus on producing its core products in Vietnam. He said: “Chilled dairy is not a central part of our core business.”
However, Anco will continue to produce Nestlé yogurts and pasteurised milk under licence. The spokesman added: “We wanted to keep a foothold in the chilled dairy market but we don’t need to run the facility ourselves.”
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