date:Aug 05, 2014
he two opened a $45m dairy distribution centre in Brazil last year.
The changes made as part of the initial realignment strategy mean that Fonterra now has a 51% controlling stake in DPA Brazil, with Nestl holding the balance; and, together with a local partner, Fonterra has taken over Nestls share of DPA Venezuela.
In addition, Nestl will now take control of DPA Ecuador, and the DPA milk powder manufacturing business.
Fonterra is reported to have made $3.5bn in revenue each year from its L