date:Dec 23, 2015
UK-based dairy processing company Dairy Crest has acquired the remaining 50% stake that it does not currently own in Promovita Ingredients from Fayrefield Foods.
Promovita was set-up as a 50:50 joint venture (JV) between Dairy Crest and Fayrefield in 2014. The JV develops and produces galacto-oligosaccharide (GOS), which is a prebiotic used in infant formula.
Dairy Crest believes that the complete ownership of Promovita will benefit its shareholders as it allows the dairy company to have sole