Loading tweets...
Dutch dairy multinational FrieslandCampina and Belgian dairy cooperative Milcobel have announced their intention to merge with the aim of creating a leading dairy cooperative and company spanning the Benelux region.
2023 figures (excluding Milcobel’s Ysco business, which is in the process of being divested) suggest the combined organisation would achieve €14 billion ($14.56 billion) in pro forma revenue, operate across 30 countries, employ nearly 22,000 staff, and process 10 billion kilograms of milk from 11,000 farms.
Commenting on the proposal, FrieslandCampina chair of the board Sybren Attema said: “The combination of FrieslandCampina and Milcobel is bigger than the sum of its parts. It creates a future-oriented, combined dairy cooperative that is resilient and capable of capitalising on opportunities in the dynamic global dairy market”.
Milcobel chair of the board Betty Eeckhaut added: “Through our regional complementarity we will become the cooperative dairy partner of choice for current and new members, with a solid milk supply for a successful future. […] For customers, this merger means more innovation, an expanded product portfolio and further professionalisation of our services”.”
The company have signed a framework agreement with a detailed merger proposal expected by mid-2025 for FrieslandCampina members and Milcobel shareholders to review. The merger is also subject to approval from antitrust authorities.
Source: FrieslandCampina / Milcobel
