Germany: Arla to merge with DMK Group

International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative .

The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement

“The foundation of this partnership is formed by our shared values, and I am immensely proud of this proposed merger, which is a win-win for our cooperatives”, said Arla Foods chair Jan Toft Nørgaard. “The strength of both Arla and DMK Group lies in our shared commitment to quality and innovation, and I see DMK Group as the perfect partner in shaping a new and strengthened Arla, poised to lead in the dairy industry”.

The ambition of the new dairy cooperative is to develop stronger partnerships with customers, and offer an attractive environment for farmers, colleagues and other business partners, Arla added.

The merger is subject to approval from the two companies’ respective boards, as well as regulatory approval.

Source: Arla