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BRIEF-Chellarams forms JV with DMK Group to grow dairy exposure in Nigeria
June 29, 2017 / 4:36 PM / 5 months ago

BRIEF-Chellarams forms JV with DMK Group to grow dairy exposure in Nigeria

June 29 (Reuters) - Chellarams Plc:

* Signing of a JV agreement to establish new company, Cellarams DMK Ltd, in partnership with DMK Group, a German dairy co‍​‍​

* Primary goal of the new venture will be to manage production, marketing, sales, distribution of full range of dairy products across Nigeria‍​

* New venture intends to invest in a larger distribution network by partnering with key distributors Link to press release: bit.ly/2t5c6MB Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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