Vinamilk plans for Driftwood Dairy

Wednesday, Jul 31, 2013 17:08

Driftwood Dairy is one of the leading providers of schools milk in California, USA.

HA NOI (Biz Hub) — Viet Nam Dairy Products Joint-Stock Company (Vinamilk) hopes to buy about 70 per cent of the American company Driftwood Dairy, a representative of the company told Biz Hub today.

He said Vinamilk planned to invest nearly US$10 million in the company, which is based in California. Driftwood Dairy  began operations in the 1920s, providing butter, juices, ice cream, and baking bread for schools, hotels, hospitals, supermarkets and restaurants.

Vinamilk expects to conclude the deal by the end of the year.— VNS

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