AUSTRIA: Tirol Milch, Berglandmilch "to create nation's largest dairy"
A deal would create dairy generating EUR700m in annual sales
Austrian dairy processors Tirol Milch and Berglandmilch are reportedly in talks over a merger that would create the country's largest dairy group.
According to reports today (15 June), directors from both sides have discussed the possibility of a deal.
Over the next two months, farmer members of both co-operatives will meet to vote on the merger.
Austria's competition watchdog would also need to take a look at the companies' plans, reports say.
According to the APA news agency, Berglandmilch is Austria's largest dairy, while Tirol Milch is the country's fourth largest.
- 2017: three major drivers of M&A strategy
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Food market in 2017: big foodservice trends
- Ferrero insists Nutella not pulled from shelves
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- PepsiCo launches Walkers Mediterranean in UK
- Kellogg names Fareed Khan as incoming CFO