Arla Foods has announced that it is acquiring cheese company Falbygdens Ost from the food company Atria Scandinavia for an undisclosed amount.
Falbygdens Ost matures and processes cheese by flavouring and packaging. The company has approximately 100 employees and sales of around SEK 470 million ($65 million).
Henri de Sauvage, Executive Vice President of Arla Foods in Sweden said: “Falbygdens Ost is a strategic complement to Arla’s own cheese business. The decision to acquire Falbygdens Ost is in line with Arla’s strategy, both globally and in Sweden, to drive its premium cheese segment. Through its acquisition, Arla is further securing that it is adding value to its farmer-owner milk and this it continues to be profitable”.
“Employees at Falbygdens Ost have considerable experience in working with cheese, along with strong channels for sales of premium cheese. With Arla’s expertise in innovation and production, along with its marketing and sales channels, we can work together to develop the passion for and interest in cheese of both customers and consumers”, he added.
Arla will take over Falbygdens Ost at the beginning of 2015, subject to approval from the Swedish Competition Authority.
Source: Arla Foods