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