date:Jan 17, 2013
Chinas largest dairy Mengniu Dairy Co has confirmed that is in talks over acquiring China Modern Dairy Holdings.
The acquisition would give Mengniu more control over its milk supplies in a dairy market which has witnessed several serious food safety issues in recent years.
Dangerous levels of toxins were found at a Mengniu warehouse in 2011 a discovery blamed by the firm on contaminated feed given to cows.
Mengniu is currently supplied by Maanshan-based Modern Dairy with unpasteurised milk.