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Mergers and acquisitions to make milk more secure-
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Mergers and acquisitions to make milk more secure?
Mengniu has announced the acquisition of 75.3% stake in Ashley hit the industry, is known to be the largest ever in China’s dairy industry mergers and acquisitions, but also triggered a multi-party disputes, that this is the dairy industry once again staged the country back into - and government departments to promote the results. The reason why people are so concerned, the key lies in the dairy industry food safety problems. Especially small jar of infant milk powder caused the world and regional purchase of Chinese consumers, it is the Chinese government tends to public opinion as soon as possible to resolve this serious concern. Improve industrial concentration is considered to be an option in the solution. Ministry of Industry and Information Technology Consumer Industry Division, said Deputy Inspector high volts, the Ministry is studying the development of infant formula milk powder corporate mergers and acquisitions work, will phase out the milk base is not guaranteed and technical equipment, test conditions and backward production enterprises, promote resource to the advantage of enterprises are concentrated. Fight with two years’ time, foster the formation of 10 annual sales income of more than $ 2 billion with independent intellectual property rights and the international competitiveness of large dairy enterprise groups, industry concentration will increase to 70%. From melamine to hormones door to mercury anomaly, the quality of domestic milk powder has been China’s lingering shadow moms head. This is a direct result of the Chinese people around the world buy milk, in order to ensure that the child is just an assured milk drink, which to some extent is China’s domestic dairy collective sorrow. Relevant departments and industry associations inspection report said China dairy (including milk) poor quality than foreign brands, even better, but consumers do not believe.
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