Snow Brand Milk Products Co. announced Tuesday that it is studying tieups with third party firms to overcome a series of scandals involving its subsidiary Snow Brand Foods Co.
Snow Brand Milk Products President Kohei Nishi said the firm is now negotiating with several companies outside the group, including foreign firms, for a capital alliance to strengthen its financial foundation and reform its management system.
The parent company also said it is considering business alliances with other companies to reorganize its core milk products operations.