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Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East.
According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and the Middle East from Egypt.
“We have been seeking this venture as a company for long. We believe that our products can fit well into the African market and joining forces with FrieslandCampina will help us a lot to do so. We are optimistic about the venture and its ability to grow in the future”, said Mohamed Damaty, Vice CEO of Arabian Food Industries.
Dustin Woodward, managing director of FrieslandCampina Consumer Dairy Africa also commented: “Combining our joint expertise, capabilities and footprint will allow us to nourish more African families than ever before. Over the next few years we will bring exciting innovations that will create new cheese propositions that are more healthy, affordable and accessible to consumers across Africa and the Middle East.”
FrieslandCampina will hold an interest of 51 per cent in the joint venture and Domty 49 per cent.
Source: FrieslandCampina press release
