Archives for February 18, 2003

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Unilever buys out Asian partner

The joint venture between Japan's Ajinomoto and US-based Bestfoods - part of Unilever since 2000 - is to be wound up, with the European group buying out its partner's 50 per cent stake. Unilever will strengthen its position in six Asian countries as a...

Danone denies Numico interest

Struggling Dutch nutritional supplement company Numico is rumoured to be the target of a bid by dairy products giant Danone, although the French company has denied having any interest in the Dutch firm.

Glanbia moves into Latin America

Ireland's Glanbia and Uruguay's Conaprole have joined forces to help develop the market for dairy ingredients in Latin America. A new joint venture company, Conabia, based in Mexico, will develop sales throughout Central and South America.