Sanlu, the Chinese dairy firm that produced milk that poisoned more than 300,000 infants, has been sold at auction for 617 million yuan (£61 million).
At least six babies died and 300,000 more developed kidney stones in September after drinking milk laced with melamine, an industrial chemical more commonly found in plastics. Sanlu was at the epicentre of the crisis, although 22 other Chinese dairies were subsequently found to have added melamine into their products.
Sanlu, which was part-owned by the New Zealand dairy group Fonterra, subsequently filed for bankruptcy and saw its chief executive, Tian Wenhua, jailed for life.
Beijing Sanyuan Group, one of the few Chinese dairies untouched by the milk scandal, bought all of Sanlu's assets and has already restarted the pasteurized milk production line at Sanlu's headquarters in Shijiazhuang.
The Chinese media also reported that Sanyuan had borrowed 900 million yuan to pay compensation to infants who suffered from melamine poisoning.
Source: The Telegraph
Latest from Quality Assurance & Food Safety
- FDA Releases Produce Regulatory Program Standards
- Invest in People or Risk the System: Darin Detwiler and Catalyst Food Leaders on Building Real Food Safety Culture
- USDA Proposes Increasing Poultry, Pork Line Speeds
- FDA Releases New Traceability Rule Guidance
- TraceGains and iFoodDS Extend Strategic Alliance
- bioMérieux Launches New Platform for Spoiler Risk Management
- SafetyChain Receives SOC 2 Type 2 Certification
- Puratos Acquires Pennsylvania-Based Vör Foods
