February 9, 2010 (FinancialWire) — Rodobo International, Inc. (OTCBB: RDBO) has closed its acquisition of three dairy companies in the People’s Republic of China. The company said that its daily processing capacity of raw milk is expected to increase from 200 tons per day to about 1,200 tons per day following the acquisition.

The company acquired the three firms through the mergers of Ewenkeqi Beixue Dairy Co, Ltd, Hulunbeier Beixue Dairy Co., Ltd, and Hulunbeier Hailaer Beixue Dairy Factory, which are collectively referred to as “Beixue Group,” into Rodobo’s wholly owned subsidiary Tengshun Technology and Development Co., Ltd.

Under equity transfer agreements entered into on February 5, Rodobo paid RMB2.1 million in cash and issued 10.6 million shares of the company’s common stock and two million shares of series A preferred stock in exchange for 100% of the equity interest in Beixue Group composed of Ewenkeqi Beixue, Hulunbeier Beixue and Hulunbeier Hailaer Beixue.

China-based Rodobo is a producer and distributor of powdered milk formula products in China.

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