German dairy giant DMK is to expand its ingredients business through the acquisition of a further stake in DP Supply.
DMK currently holds a 30% stake in the Netherlands-based ingredients firm. The increased, undisclosed, shareholding will make the company a “principal” stakeholder, it said today (23 February).
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DP Supply was founded by its current majority shareholder, the Basic Supply Group, and is one of the leading international suppliers of spray-dried coffee creamers and vegetable fat powders, DMK said.
“The ingredients business is one of DMK’s strategic growth areas,” Ingo Müller, managing director of DMK’s ingredients business, said. “We are already well-established in the market with dairy ingredients like milk and whey powder and whey derivatives such as lactose, whey protein concentrates and animal feed.
“By acquiring the majority of DP Supply’s equity, we are securing a new field of technology with a promising future outlook. There is excellent potential for development in the business areas of non-dairy ingredients, milk substitutes and fat powders, particularly in export markets – that’s why we are going to expand these segments further at DP Supply.”
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