Arla looks to acquire FrieslandCampina unit

12 March 2009 | By Popsop Team

Arla Foods amba and Royal FrieslandCampina N.V. have reached agreement in principle about the sale and purchase of all the shares in Friesland Foods Fresh Nijkerk by Arla Foods.

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The transaction includes the Friesland Foods Fresh Nijkerk fresh dairy business, its assets and the brands Breaker, Milk&Fruit and Kwarkyoghurt. A ten-year licence agreement has been entered into for the use of the Friesche Vlag brand for fresh dairy products in the Netherlands only.

The former Campina brand, Melkunie, is also part of the transaction. The transaction is expected to be completed in the second quarter of this year. FrieslandCampina is guaranteeing the supply of raw milk to the factory in Nijkerk until 1 January 2017. The transfer of the Friesland Foods Fresh operations to Arla Foods is partly dependent on European Commission approval.

Read the full press release here at PR Newswire

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