NETHERLANDS/THAILAND – Campina has bought the Thai subsidiary of crisis-hit Italian company Parmalat for an undisclosed sum.

Located in Bankok, Parmalat Thailand is involved mainly with pasteurised and long-life milk, and last year had a turnover of several million euros.

The purchase represents Campina’s first steps into the Asian market in terms of production and sales of consumer products, and while it admits that consumption is currently low, it emphasised that there were signs of strong growth.

Campina has also announced that it plans to close its K