FrieslandCampina, the Dutch dairy giant, has announced that it has made an investment in the Ethiopian dairy firm Holland Dairy, in partnership with Veris Investments, an Amsterdam-based private equity firm.
Veris Investments describes itself as an independent firm that “makes equity and mezzanine investments in companies and projects with activities in the food value chain in Sub-Saharan Africa”.
FrieslandCampina said the deal would enable it to strenghten its export position in Ethiopia. The company currently exports UHT and powdered milk to the country under the Dutch Lady and Coast brands respectively.
Holland Dairy produces yoghurt, pasteurised milk and other dairy products in a plant aroun 40km from the Ethiopian capital of Addis Ababa.
“The company already holds a strong market presence in the Ethiopian dairy market, in particular in yoghurt products”, FrieslandCampina said in a statement. “By investing in supply chain, production and market development Veris and FrieslandCampina aim to enhance and to extend this market presence”.
Source: FrieslandCampina / Veris Investments