China

Mason Financial now has a 75% stake in Australian company Blend and Pack.

Mason Financial takes controlling stake in Blend and Pack

By Jim Cornall

Mason Financial Holdings Limited and nutrition company Wattle Health Australia Limited have bought an 80% stake in Australian infant formula and nutritional products manufacturer Blend and Pack Pty Ltd, for A$80m (US$60.8m).

Savencia's organic growth in 2016 was attributed by the company to sales outside France.

Savencia announces drop in sales for 2016

By Jim Cornall

French dairy company Savencia has announced net sales of €4.42bn ($4.69bn) for 2016, which the company says is a 0.5% decline compared to 2015.

Photo: iStock

China direct

Chaotic distribution system provides fertile ground for fake formula

By RJ Whitehead

Chaotic sales channels are to blame for Chinese counterfeiting scandals such as the recent case involving 22,600 cans of fake milk powder produced and sold under the brands of US infant formula maker, Abbott, and Chinese infant formula maker, Beingmate.