date:Sep 12, 2013
Chinese companies are edging out U.S. players in the global dairy industry, according to a recent report from Rabobank.
Slow organic growth has pushed consolidation across the industry, with 19 of the top 20 dairy companies buying or selling businesses, engaging in joint ventures or changing capital structure within the past 18 months. Organic expansion and acquisition have kept the top five companies, led by Vevey, Switzerland-based Nestl S.A., in dominant spots since 2007.
But dropping do