PepsiCo Brings European Yogurt to the U.S. Market

PepsiCo, Inc. (NYSE: PEP) and Theo Muller Group (“Muller”), a privately held dairy business in Germany, announced today their U.S. joint venture, Muller Quaker Dairy, to enter the U.S. dairy market in mid-July with premium yogurt products.

These products — Muller Corner, Muller Greek Corner and Muller FrutUp — mark the first entry by either PepsiCo or Muller into U.S. dairy aisles.

PepsiCo already holds a strong position in the global dairy products business. The company acquired Wimm-Bill-Dann, Russia’s leading dairy company, in 2011 and has been part of a joint venture with Almarai, Saudi Arabia’s dairy company, since 2009. PepsiCo has a previously stated goal of growing its global nutrition portfolio to $30 billion in revenue by 2020.

The joint venture is building a new yogurt manufacturing plant in Batavia, N.Y.  Once completed in 2013, it will be one of the largest yogurt plants in the U.S., and is expected to create more than 180 new jobs in upstate New York, says PepsiCo.

Related posts:


Free Phones for Mobile Education Program
Clay Yourself to Star in a Commercial
How to Get Connected with Bridesmaids Using Tag
Digital Banking with Citibank for iPad App
Jimmy and Rosalynn Carter to Build Homes in Haiti
Terror behind the Walls at Haunted House
Warner Bros. Hosts One Million Paw March
Comic Book Company to Produce TV Properties
Jealous Anna Says Right to Wrong Lokpal Bill
Samsung Launching People to Help Artists

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

HTML tags are not allowed.