Sector News

Lactalis and Arla Agree on Future of Walhorn AG

June 17, 2015
Food & Drink
European dairy cooperative Arla Foods and the privately-owned dairy company Lactalis have reached an agreement concerning the future of their common joint venture, Walhorn AG in Belgium.
 
Since the merger between Arla and Eupener Genossenschaftsmolkerei Walhorn (EGM Walhorn) in August 2014, Arla became the legal successor of the 49 per cent ownership of the joint venture company Walhorn AG – with the French dairy company Lactalis owning 51 per cent of the shares.
 
Since then, Lactalis and Arla have engaged in a dialogue about the future of Walhorn AG, and an agreement has now been reached for Arla to sell its legal shares of Walhorn AG to Lactalis on June 30th, 2015. The existing milk delivery agreement between both parties will continue with all rights and obligations until the end of June 2016. After expiry of the agreement Arla Foods and Lactalis will make another agreement in which Arla Foods takes the obligation to deliver 100 million kilogramm milk per year to Walhorn AG.
 
Walhorn AG operates a dairy site in the East Belgian village of Walhorn near Eupen, producing primarily milk powder, various liquid milk productsand cream.
 
The decision by Arla to sellto Lactalisits share of the Walhorn AG joint venture, will not change the future of the 800 members of the cooperative EGM Walhorn becoming cooperative owners in Arla Foods. 
 
Source: Arla Foods

comments closed

Related News

January 22, 2023

Danone unveils plan to cut methane emissions

Food & Drink

The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.

January 22, 2023

US researchers land US$2.4M to turn food waste into “affordable” bioplastics

Food & Drink

The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.

January 22, 2023

Arkeon partners with ICL to transform CO2 into proteins

Food & Drink

Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.

How can we help you?

We're easy to reach