Glanbia PLC said Friday that it in advanced talks to build and operate a new cheese and whey production facility in Michigan, U.S.
The Irish nutrition and ingredients group said it is in advanced discussions with Dairy Farmers of America Inc., Michigan Milk Producers Association and Foremost Farms U.S.A to create a stand-alone joint venture for the new production facility.
Under the proposed venture, the three dairy cooperatives would supply all milk required by the plant while Glanbia will have full responsibility for all aspects of the business. The joint venture will be 50% owned by Glanbia and the balance will be owned by the three dairy cooperatives.
Commissioning of the new facility is expected to take place in the second half of 2019. The facility is estimated to process 3.6 million liters of milk per day.
By Tapan Panchal
Source: MarketWatch
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
