Arla Foods has acquired the remaining 70% of the outstanding shares in Finnish venture Arla Ingman, which has now become a fully-owned subsidiary.
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A year and a half ago, Arla acquired 30% of the shares in Finland’s second largest dairy, Ingman Foods, with an option to acquire the remaining shares. The deal enabled Arla to gradually establish itself in Finland, the company said.
“We have used the time to get to know the Finnish market better, and strengthen our contacts with the Finnish milk producers. Now we take the final step in this deal,” said Hans-Åke Hammarström, head of Arla Foods’ Nordic operations.
The acquisition of the remaining shares is not expected to bring about any structural or staff changes in Finland, the company said.
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