Mead Johnson Hopes To Milk JV For Latin American Growth
This article was originally published in The Tan Sheet
Executive Summary
An 80-20 joint venture with dairy producer SanCor likely will help Mead Johnson cement its footprint in Argentina and other Latin American countries. Meanwhile, the pediatric nutritionals firm maintains muted expectations for the U.S. in 2012.
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Mead Johnson sees growth in emerging markets largely because per-birth consumption of infant formula is well below developed regions. The firm invests nearly $100 million in research to provide the pediatric nutritionals innovation sought by parents, VP of Investor Relations Kathy Ann MacDonald says.
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