- Mead Johnson Nutrition (NYSE:MJN) acquires spray drying and finishing assets from long-term Australian ingredient supplier Bega Cheese Limited for an undisclosed sum.
- President & CEO Kasper Jakobsen says, “We believe that supply chain flexibility is important in the pediatric nutrition category. This acquisition further strengthens our ability to protect and expand our growth in China by creating both additional capacity and the ability to adapt to a changing regulatory environment.”
- The transaction should close next quarter.