Sanyuan plans Canada dairy investment

Domestic producers have tried one after the other to purchase overseas capabilities

Beijing Sanyuan Foods Co Ltd, one of China's leading dairy producers, plans to purchase a majority ownership in Crowley Properties Ltd, a Vancouver-based company making dairy products such as yogurt, cheese, ice cream and butter for about C$19 million ($14.58 million), according to an announcement by Sanyuan.

The acquisition was approved by Sanyuan's board of directors in May and is now under assessment by related government departments.