Sanlu Group May Be Sold to Competitors
Rival companies in the massive dairy market in the People's Republic may buy out the disgraced Sanlu Company. The melamine milk scandal has damaged the reputation of the New Zealand based company beyond repair.
Seven milk producers, including Sanyuan, Wahaha and new competitor Yili, plan to bid for Sanlu Group Co this weekend, the company shamed in last month’s milk scandal, according to today’s International Finance News.
Some other large dairy producers were also reported to have shown interest in the deal, including American-owned Feihe Dairy, southwestern Sichuan Province’s New Hope Group, and Wondersun.
A comprehensive list of recalled products in this food scandal may be found at