Arla Foods has come a step closer to acquiring German dairy Allgäuland Käsereien.
Late last night (12 September) the members of Allgäuer Bergbauern-Milch – one of the six co-operatives that own Allgäuland-Käserien – voted in favour of joining Arla.
The takeover process hit a bump earlier this month when Allgäuer Bergbauern-Milch was the only co-operative to vote against the proposed takeover.
Arla said the final part of the process could “fall into place” within days. The acquisition is still subject to approval by the EU competition authority.
The Danish-Swedish dairy giant said the sale will allow Allgäuland-Käserien to avert the threat of bankruptcy as the German dairy is currently in a “financially difficult situation”.
Earlier this year, Arla expanded its operations in Germany when it merged with Hansa-Milch, which produces fresh dairy products in north of the country.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData