Kuwaiti interest in Mlekoma

Kuwaiti interest in Mlekoma

Polish dairy company Mlekoma has attracted takeover interest from Kuwait Projects Company Holding, an investment fund backed by members of the Kuwaiti ruling family.

According to a filing from Poland's Office of Competition and Consumer Protection, a Warsaw-based arm of the fund, Visdal Investments, wants to buy a controlling stake in Mlekoma.

Kuwait Projects Company Holding, also known as KIPCO, counts among its assets the Saudi Arabia-based food group The Saudia Dairy and Foodstuff Company, or SADAFCO.

Mlekoma, headquartered in Warsaw, manufactures a range of dairy products, including consumer-facing lines, as well as ingredients.

According to Mlekoma's website, the company has two plants in Poland, one in the town of Przasnysz, north of Warsaw, and another in Brzeziny, a town close to the central city of Lodz.

Mlekoma is a shareholder in German dairy Uckermaerker Milch, located in the eastern town of Prenzlau.

The company also has a venture with another German dairy group, the giant cooperative DMK.