27 February 2020

Feihe to acquire Jilin Alf Beta Dairy, website says

Feihe International Inc., one of the country’s leading producers and distributors of premium infant formula and milk powder, agreed to acquire Jilin Alf Beta Dairy Co. Ltd. on Tuesday, China Economic Net reported. The price was not disclosed, the report said. The deal will boost Feihe’s brands on the market and expand its distribution channels, company chairman Leng Youbin was quoted as saying.

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