Arla’s Proposed German and UK Dairy Mergers Approved
Arla Foods’ board of representatives has approved the dairy group’s proposed mergers with the German Milch-Union Hocheifel and British Milk Link. The board of representatives voted in favour of the two mergers by a large majority as did the members of the MUH and Milk Link co-operatives.
Peder Tuborgh, chief executive of Arla Foods, comments: “This is an important decision and fundamentally strengthens Arla. The circle of ownership is being expanded with more owners and with owners in the UK, who all share our vision of the future – to be a strong European dairy company that operates in a global market.”
The two mergers will now be examined by the relevant regulatory authorities. Arla Foods expects to be able to carry out the mergers during the autumn of 2012.
