Article in the Chinese press (apologies for the Google translate):
a2 Milk Company and China Animal Husbandry Group reached a solid cooperation on Matola Dairy
Recently, New Zealand a2 Milk Company and China Animal Husbandry Industry Group Co., Ltd. formally reached an agreement to build Mataura Valley Milk, located in the South Island of New Zealand, into a world-class production and operation platform through close cooperation.
A2 Dairy Company’s acquisition of 75% equity in Matora Dairy Co., Ltd. has been completed, and a partnership agreement signing ceremony was held through the connection of Beijing, Melbourne, and Gore, South Island, New Zealand, where Matora Dairy is located. .
Wan Jun, General Manager of China Agricultural Development Group, Liu Hui, Deputy General Manager, Wang Jiancheng, Chairman of China Animal Husbandry Group, Xue Tingwu, General Manager, Zhao Qingyong, General Manager of Zhongken Shanghai, David Bortolussi, Managing Director and CEO of a2 Milk Company, and CEO of Greater China Li Xiao and Bernard May, CEO of Matola Dairy Co., Ltd. participated in the signing ceremony.
In this investment cooperation of A2 Milk Company in Matola Dairy, China Animal Husbandry Group retains a 25% stake. China National Agricultural Reclamation Group, the strategic partner of China Animal Husbandry Group and a2 Milk Company, is a subsidiary of China Agricultural Development Group.
Mr. Bortolussi said that the transaction and signing of the two parties represents the establishment of a partnership with China Animal Husbandry Group on the basis of the existing solid cooperation between a2 and China National Agricultural Reclamation Group. "It has shortened the distance between the a2 dairy company and its Chinese partners and consumers, and has strengthened our capabilities, structure, and investment in China's nutritional products business.
"Based on the Matara dairy work team led by Bernard May and the local herders who supply high-quality milk, a2 Milk Company and China Animal Husbandry Group will continue to work hard. Our common vision is to develop this project into a A large-scale, world-class consumer retail packaged nutritional product manufacturer that provides products to China and other regional markets."
Plans for further investment in Matola Dairy have been put in place, and the business in supplying A2 protein milk sources from the local area has been very developed. Matora Dairy is located in the South Island of New Zealand, one of the best dairy producing areas in New Zealand, with excellent climatic conditions and water resources.
Li Xiao said that a2 milk company's investment in Matola Dairy will continue to produce high-quality A2 protein products to meet consumers' needs for a healthy life. "In the future, Matora will be based on the unique benefits of A2 protein to create more opportunities for a2 milk companies to reach consumers through innovative products. Now, the cooperation with China Animal Husbandry Group makes us more confident to achieve our goals."
China Animal Husbandry Group is the national team of China's animal husbandry industry. A2 Milk Company and China Animal Husbandry Group have reached a strategic cooperation. Old friends have become new partners. Both parties can give play to their respective advantages. At the critical moment of the global fight against the epidemic, the economic recovery is just as warm and cold. , Taking advantage of the favorable conditions for the upgrade of the China-New Zealand Free Trade Agreement, seizing new opportunities for market development such as infant formula milk powder, and working together to create a new situation in the development of the high-end dairy industry! General Manager Xue Tingwu said that this strategic investment in Matola by a2 Milk Company is a milestone in Matola’s history. China Animal Husbandry Group will work hand in hand with a2 Milk Company to promote Matora’s business development and start strategic development with a2 Milk Company. New stage.
Bernard May said that the Matara team is very happy to work with a2 Milk Company, a successful company with a global perspective and strong business performance in the Chinese market. "As part of the a2 milk company group, I look forward to more cooperation with the a2 company team to create a wonderful future."
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