MSPEA-backed Feihe International buys Alf Beta Dairy
Feihe International, a Chinese infant formula and milk power producer backed by Morgan Stanley Private Equity Asia (MSPEA), has acquired industry peer Jilin Alf Beta Dairy.
Alf Beta Dairy, which was founded in 2008, will operate its baby formula distribution business independently from Feihe, according to a statement. The acquisition - made by Feihe Dairy, a wholly-owned...
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