Japfa acquires two dairy farms in China for US$123.4 mil

Atiqah Mokhtar
Atiqah Mokhtar6/28/2021 8:45 AM GMT+08  • 2 min read
Japfa acquires two dairy farms in China for US$123.4 mil
The farms have a total capacity of approximately 16,000 heads of cattle.
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Agri-food company Japfa has announced that its dairy division is acquiring two farms in Shandong, China.

Japfa’s 75%-owned subsidiary AusAsia Investment Holdings will acquire the entire issued capital for Falcon Dairy Holdings for US$123.4 million ($165.5 million). Falcon holds 100% interest in Pure Source Farm Company, which in turn owns the two dairy farms.

The farms produce raw milk, with a total capacity of approximately 16,000 heads of cattle.

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