FrieslandCampina to Acquire Dairy Business in Côte d’Ivoire
Royal FrieslandCampina is acquiring Olam International’s dairy business and its dairy production facility in Côte d’Ivoire. The acquisition will increase the presence of FrieslandCampina in the West African country, where it is already marketing its premium brand Bonnet Rouge. The product portfolio comprises sweetened condensed milk and evaporated milk.
The production facility is located in Abidjan, the primary economic center of Côte d’Ivoire. The production facility in Abidjan processes local fresh milk and milk powder into sweetened condensed milk and evaporated milk which are sold on the local market under the brand name ‘Pearl’. The production facility employs approximately 80 people.
Cees ‘t Hart, chief executive of Royal FrieslandCampina, comments: “We are pleased with this acquisition in Côte d’Ivoire. It enables us to further strengthen our position in West-Africa.”
Both parties expect the deal to be completed in the next few months. The dairy business and production facility will become part of the FrieslandCampina Europe, Middle East & Africa business group.
