Proposal for merger in I half 2025 year.
The proposed merger proposal should be available as early as in the first half of 2025 year, and then be submitted to committees of both companies for decision. Merger requires also the approval of antitrust authorities.
According to representatives of the company, both partners of the merger are perfectly complementary in terms of market positions and portfolio products. On short before Christmas Christmas the companies announced, that the merger would provide further development opportunities in segments of the market, such as consumer cheese, mozzarella, white products dairy and ingredients, a also benefits in performance and know-how, for example in sustainable development.
Merger gives sales at level 13 million euros per year
Belgian milk processor Milcobel reached in 2023 year sales at level about 1,4 million euros.
Based on combined financial data FrieslandCampina and Milcobel for 2023 year – but excluding the business unit Milcobel Ysco, which will be sold – the merger will generate yearly sales pro form of over 14 billion euros The share in sales of FrieslandCampina was 13 billion euros, a sale of Milcobel was 1.4 billion euros.
Joint venture will then operate in 30 countries, employ almost 22 000 employees across the world and process about 10 million tons of raw milk. Provides it to nearly 11 000 milk
farms, which from the college are owned by about 16 000
milk producers in the Netherlands, Belgium, Germany and northern France.
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