This is astepping stone for JAT. Have to walk before you can run. This is probably not big enough or does not have enough SMRA slots for the big boys that are established. Most emerging peers are also already settled in with a plant. JAT has approached this in a unique way. Develop brands that are in demand, secure massive distribution networks that are committed and make a profit early on. Then turn on the printing press to churn out the money.
Ann: Acquisition of 70% of Australian Infant Formula Manufacturer, page-129
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