Meiji Sells China Dairy Business to Shanghai AustAsia Food
Japanese food company Meiji Holdings is selling its dairy and B2B units in China to Shanghai AustAsia Food for up to ¥3.2 billion ($47.2 million). The transaction includes production sites in Tianjin and Suzhou, while the Guangzhou plant remains with Meiji. This move follows a net loss of 1.04 billion yuan by Meiji (China) Investment in fiscal year 2025.
Topics: China market strategy dairy industry M&A