Nestle and Fonterra Co-operative Group said they will review "strategic options" for their Brazil-based Dairy Partners Americas (DPA) joint venture, including the possibility of a sale. The review comes as Nestle is streamlining its operations and exiting under-performing businesses. The JV was realigned in 2014 to focus on chilled dairy in Brazil, with Fonterra taking a 51% stake and In an interview with Bloomberg News, DPA chief executive officer John Moore said he was not surprised by the news that his company would be sold. The review, set to be finished by the end of this year, should ensure DPA's "long-term growth and success", the companies said.
Nestle and Fonterra Co-operative Group said they will review "strategic options" for their Brazil-based Dairy Partners Americas (DPA) joint venture, including the possibility of a sale. The review comes as Nestle is streamlining its operations and exiting under-performing businesses. In an interview with Bloomberg News, DPA chief executive officer John Moore said he was not surprised by the news that his company would be sold. The review, set to be finished by the end of this year, should ensure DPA's "long-term growth and success", the companies said.