HANOI: Vietnam Dairy Products JSC, South-East Asia’s biggest milk producer by market value, is in talks to buy another US company as it accelerates acquisitions to expand globally and drive revenue.
The company, known as Vinamilk, expects the deal to close as early as next year, chief executive officer Mai Kieu Lien said in an interview, declining to give the name of the target or the deal value. The dairy firm, which already has a stake in California-based Driftwood Dairy, may increase its mergers and acquisitions war chest as it strives to achieve annual revenue of US$3bil by the end of 2017, she said.
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