date:Apr 23, 2012
Mead Johnson Nutrition, a US-based manufacturer of paediatric nutrition products, and SanCor Cooperativas Unidas, an Argentinean dairy cooperative, have established a joint venture (JV) to develop paediatric nutritional products for infants and children in the Southern Cone of South America.
The new joint venture will be 80% owned by Mead Johnson which will invest ARS850m ($196m) to gain the share, while the rest will be held by SanCor.
The joint venture will develop, produce and market paediat