Blog: Germany's Nordmilch looks to milk consolidation
Dean Best | 22 June 2010
Europe is seeing a number of dairy mergers
More news on the wave of consolidation flowing across Europe's dairy industry.
Yesterday (21 June), German dairy co-op Nordmilch said it hoped to complete its long-awaited merger with local peer Humana Milchindustrie.
The deal remains subject to the approval of both companies' farmer-members and Germany's anti-trust authorities but is a sign that the country's largest dairy processors are keen to take part in the shake up seen in the sector.
Nordmilch CEO Dr Josef Schwaiger said that move was a sign German dairies knew it had to take part in the wave of consolidation taking place in the wider sector.
"A comparison of the development of the dairy industry in Germany with that in neighbouring European countries clearly reveals that Germany needs further consolidation to survive in international competition in the long term," Dr Schwaiger said.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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