This fast-growing ice-cream brand has carved out a dominant position in Southeast Asia’s frozen dessert market.
This transaction, however, is non-exclusive, allowing TasFoods the flexibility to explore additional buyers through a marketing initiative commencing immediately.
Danone already holds around 22.7% of Lifeway.
The acquisition is part of a2 Milk’s broader supply chain transformation strategy.
DFA did not disclose the financial terms of the transaction.