Dutch dairy firm FrieslandCampina has unveiled its intention to aquire a majority stake in Engro Foods, the leading Pakistani dairy firm, as it announced its latest financial results. The company said that the proposed acquisition formed part of its updated Route2020 programme, which sees strategy resources deployed to achieve sustainable long-term growth through existing and new product-market combinations. FrieslandCampina said that it would start investigating a possible acquisition of an interest …
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Friesland Campina
According to the Rabobank ranking for the year 2014, the Swiss company Nestle has maintained its positioned as the biggest dairy company in the world, with a total annual turnover of €20.9 billion ($23.2 billion). The French companies Lactalis (€14.7 billion / $16.3 billion) and Danone (€14.6 billion / $16.2 billion) made it to second and third positions, changing places compared to the 2013 ranking. The fourth place was taken …
FrieslandCampina has announced that it has increased to more than two thirds its equity stake in FrieslandCampina WAMCO Nigeria PLC, its subsidiary. As a result of the €180 million ($204 million) purchase, the company now owns 67.61% of the shares, compared to 54.58% previously. CEO of Royal FrieslandCampina Roelof Joosten said: “The size of the market, the growth outlook and the commitment of the Nigerian people to bolstering the stability …
Dutch dairy conglomerate Royal FrieslandCampina has announced that it has signed an agreement to acquire the activities of DEK Srl and 80 percent of the shares of Orange Srl. Both companies are distributors active in the Italian dairy industry. DEK Srl has been FrieslandCampina’s dedicated sales agent in Italy for cheese and butter, serving customers in the retail, food service and business-to-business channels. Orange Srl provided a broad portfolio of …
Friesland Campina has announced that it is to partner with China Agricultural University (CAU) and Wageningen UR (University and Research Centre) to establish a Sino-Dutch Dairy Development Centre (SDDDC) in China. The three partners envisage the SDDDC to become a research, knowledge and training institute with its own premises and research equipment, staffed by experts in the field of dairy development, the company said. The centre is designed to improve …
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