Glanbia target Latin America

GLANBIA, the Irish food processing giant specialising in cheese and nutrition products, and Conaprole, a leading Latin American dairy co-operative based in Uruguay, are to establish a joint venture company.

It will develop dairy ingredient sales in Latin American and African markets, and promote technology transfer between the companies. Both groups announced yesterday that under the 50/50 arrangement a new sales company, Conabia, is being established in Mexico.

It will develop commercial opportunities for a full range of dairy ingredients manufactured by Conaprole in Uruguay and by Glanbia in the USA and EU.