dairy producer Fonterra Co-operative Group said they would review strategic options for their Dairy Partners Americas (DPA) joint venture in Brazil, which could include a potential sale. 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 . It was created in 2003 and realigned in 2014 to focus on Brazil 's chilled dairy market , reporting annual revenues of BRL1bn ( $ 247.5 m ) . The review , expected to be completed 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 . It was created in 2003 and realigned in 2014 to focus on Brazil 's chilled dairy market , reporting annual revenues of BRL1bn ( $ 247.5 m ) . The review , expected to be completed by the end of this year , should ensure DPA 's " long - term growth and success " , the companies said .