Share this article

Swedish dairy co-operative Skånemejerier said today (11 January) it expects its sale to French dairy giant Lactalis to go through at the start of March.

Skånemejerier provided the update after its a majority of its council members voted to change the statutes governing the company – a condition of the deal with Lactalis.

The co-op’s members voted to back a measure that would see Skånemejerier only supply Lactalis with milk once the deal was signed.

Lactalis is looking to buy 100% of Skånemejerier, a spokesperson for the co-operative confirmed, although he declined to comment on reports in France that the the company will be offloaded for EUR113m (US$143.2m).

Skånemejerier sells products including milk under its namesake brand, Allerum cheese and Bravo fruit juices.

In 2010, Skånemejerier reported net profit of SEK300.2m (US$43.2m), up sharply from SEK26.9m a year earlier. The jump in earnings was due to the proceeds of the sale of a majority stake in juice business ProViva to Danone. Skånemejerier reported an operating loss of SEK52.1m as costs increased. Sales rose 10.8% to SEK3.31bn.

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.

Company Profile – free sample

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