South Africa's Clover buys Dairybelle yoghurt, milk units
date:May 09, 2014
South African dairy and beverages maker Clover said on Thursday it had bought the yoghurt and long-life milk business of fellow dairy company Dairybelle for 200 million rand ($19 million).

Clover also said its full year earnings would fall by over 20 percent due to lower sales volumes. The company's shares fell almost 9 percent.

The transactions are in line with the company's strategy to expand its portfolio of value added and branded consumer products, Clover said in a statement.

The deal wo
1/2 next page prev page home page last page
go back |  refresh |  WAP home |  Web page version  | login
07/10 17:37