Three French co-operatives, Even, Terrena and Coopagri Bretagne, have announced the merger of their milk production activities.
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A holding company will be set up for the combined business and is scheduled to enter service from 1 July.
The company, which remains unnamed, will have its capital shared out between Even (50.57%), Terrena (31.01%) and Coopagri Bretagne (18.42%).
Milk will be supplied from 4,000 dairy farmers and then processed in the six production plants belonging to the merged group, as well as to other plants which it part-owns.
“In a full year, this company will have a consolidated turnover of EUR1.1bn, employ 1,850 staff and produce 1.2bn litres of milk annually, supplying markets in France (60% of total output), the EU (26%) and the remaining 14% in regions such as south-east Asia and West Africa, as well as Arab countries,” current managing director of Even and the company’s future director Christian Couilleau explained.
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By GlobalDataThe company will be rank seventh among French dairy groups behind Lactalis, Bongrain, Sodiaal, Danone, Bel and Entremont Alliance.
Couilleau underlined that there will be no plant closures or redundancies as a consequence of the merger.
