DALIAN, China -- Chinese dairy producer Inner Mongolia Yili Industrial Group is spending $80 million to purchase nearly all of Chomthana, Thailand's leading ice cream maker, expanding into Southeast Asia in a bid to offset a stagnant home market.
Business deals
China's Yili scoops up Thailand's top ice cream maker
$80m Chomthana deal serves as gateway to promising Southeast Asian market
Yili Group is expanding its ice cream business outside China as health-conscious consumers at home turn away.
Read Next
Latest on Business deals
