date:Aug 05, 2014
Fonterra and Nestl are reported to have made the first changes to their corporate alliance in Latin America. The two companies have revised their Dairy Partners Americas (DPA) joint venture (JV) to better reflect each companys respective strategies.
The JV was founded in 2003 as a 50:50 partnership to manufacture milk powder and also chilled and liquid dairy products throughout the Latin America region. The likelihood of changes to this plan was announced in May this year.
As part of the JV, t