Junlebao | China dairy group Junlebao buys stake in yogurt chain More Yogurt

According to a statement issued by Junlebao, the company has acquired a 30% stake in More Yogurt, which has more than 1,600 stores in China.

Junlebao Dairy Group, one of China’s largest dairy manufacturers, has snapped up a minority stake in yogurt shop chain More Yogurt.

According to a statement issued by Junlebao, the company has acquired a 30% stake in More Yogurt, which has more than 1,600 stores in China.

Financial terms were not disclosed.

Hebei-based Junlebao, which has 25 production plants across China, markets products including yogurt, fresh milk and organic milk powder. Its brand portfolio includes Purjoy yogurt

Junlebao, which also has 25 farms in China, said the two companies would work together in areas such as procurement and R&D.

Around two-thirds of More Yogurt’s outlets are in first- and second-tier cities in China, Junlebao added.

In May, Junlebao invested again in Yunnan Royal Laisier Intelligent Dairy Co., buying a 32.9% stake in the business from fellow Chinese dairy business Royal Group.

The deal took Junlebao’s stake in Laisier Intelligent to 58%.

Look also

Dairy farmers up milk production in response to higher margins

Things are looking up for U.S dairy, with steady domestic demand and robust exports. Dairy farmers are responding with increased milk production.

You may be interested in

Farm economy trending in the wrong direction

Dairy farmers up milk production in response to higher margins

Bird Flu is Tearing Through California’s Dairy Herd. Can it Be Stopped?

Topics |
Junlebao, Yogurt

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.