The Canadian subsidiary of Danish-Swedish dairy products company Arla Foods has announced that it has acquired Canada's National Cheese Company.

The two companies said they believe the transaction will better serve the needs of their customers and consumers.

"The new company will become a leading supplier of specialty cheeses, providing a wide range of imported and domestic varieties, strong service and continued focus on expanding sales of the fastest growing segment in the Canadian cheese market," Arla Foods said.

National Cheese was founded as a family-owned specialty cheese business in 1960. The company has warehousing operations in Montreal, Concord (Ontario) and Vancouver, as well as two cheese plants in Ontario. It also imports specialty cheeses from Italy and many other European, as well as North and South American, countries.