Arla Foods, DMK Merge

This is a Denmark news story, published by Yahoo Finance, that relates primarily to Arla news.

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EU dairy exports

GlobalData

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Business

Business & Economics

Arla and DMK unlikely to be last big deal in Europe’s stagnant dairy market

Summary

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Denmark -based Arla Foods and Germany ’s DMK announced a deal they said would create the “largest dairy cooperative in Europe ” The new co-op is to have more than 12,000 farmers across seven countries and a pro-forma revenue of $ 20.75bn .

The two cooperatives believe the merger will provide resilience amid an anticipated decline in the overall European milk pool.

EU and NZ set to remain the world’s top two exporters of dairy products.

Both Arla and DMK do business outside the EU , of course.

Arla is also looking at further expansion via M&A in the Middle East and north Africa .

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informal

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English

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