Sector News

Arla down for more business down under

February 9, 2015
Food & Drink
In an effort to reach its goal of quintupling its business down under, the Danish dairy giant Arla has agreed to enter into a joint venture with Australia’s largest cheese importer, F Mayer Imports.
 
The new venture company will be named ‘Arla Foods Mayer Australia Pty Ltd’ and will market, sell and distribute imported and local dairy products in Australia.
 
“Although the overall Australian dairy market is only seeing low growth rates, the market for specialty cheese is lively and growing,” Lars Eggers, the managing director for Arla in Australia, said.
 
”Australians want to be inspired by quality food, including artisan cheese, and the focus on food inspiration and a rich food culture is clearly on the rise. We believe we have the products to tap into that movement.”
 
1 billion by 2020
The new company will be based in Sydney. Officially scheduled to launch on 4 May 2015, it will market the Castello, Lurpak and Arla brands along with products from other producers in Europe and Australia.
 
Arla will own 51 percent of the company, while F Mayer Imports will own the remaining 49 percent.
 
The new joint venture is expected to increase Arla’s annual turnover in Australia from 200 million kroner per year to 1 billion kroner in 2020.
 
“Castello cheese has been sold in Australia for more than 35 years and our partner, F Mayer, has been sourcing specialty cheese from all the great cheese countries in the world for decades, so we have a good foundation to build on,” Eggers said.
 
By Christian Wenande
 

comments closed

Related News

December 3, 2022

AI central to Nestle’s innovation overhaul

Food & Drink

Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.

December 3, 2022

Takeover on the horizon? Brenntag makes preliminary indication of interest for Univar Solutions

Food & Drink

German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.

December 3, 2022

Cargill announces purchase of Owensboro Grain Company

Food & Drink

Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.