Americas: Fonterkirkland calcium citrate magnesiumra exits US JV

Fonterra Co-operative Group says it will sell its 50% interest in DairiConcepts, the Co-operative’s Umagnesium citrate laxative drinkS joint venture with Dairy Farmers of America (DFA) as it does consider the partnership to be a non-core component of its strategy.###DFA will purchase Fonterra’s 50% interest on 31 December 2015 for about NZD$196 million (US$129 million).###The DairiConcepts partnership was established in 2000 when Fonterra contributed its US dairy/cheese flavors business and DFA contributed cheese and cheese-powder assets.###Fonterra acalcium citrate dnd DFA were both founding members of the Global Dairy Platfmagnesium laxative liquidorm and had a shared intfer fumarateerest in promoting the growth in global dairy consumption and the further development of co-oferrous fumarate pills birth controlperative dairy farming.

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