date:Aug 28, 2014
rld's second-biggest economy. Under the deal, Fonterra will gain access Beingmate's vast distribution channel for Anmum.
Spierings said Beingmate's role as China's biggest domestic supplier of milk formula and its clean track record made it an attractive partner. Beingmate's brands, which include Love+ and Champion, have about 10 percent of the market.
Beingmate have pretty good distribution and are definitely known in the market, so this is probably going to help Fonterra, said Ben Cavender,