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Synutra International Announces Sale of Dairy Assets for Nearly $29 Million

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Linked by BusinessWire ( track newsfeed | ignore newsfeed ) - September 09, 09:09AM from (www.businesswire.com)

Synutra International, Inc. (NASDAQ: SYUT), a leading producer of nutritional products for infants, children and adults, today announced that it has signed an agreement to sell three dairy farms and two milk processing factories in China. The buyer is Heilongjiang Wondersun Dairy Co., Ltd., which is paying an estimated $28.9 million for the assets. The sale reflects Synutra’s shift to imported sources of raw milk powder following the Septem

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