The acquisition will increase the presence of FrieslandCampina in the West African country, where it’s already marketing its premium brand Bonnet Rouge. The product portfolio comprises sweetened condensed milk and evaporated milk.
The production facility is located in Abidjan, the primary economic centre of Côte d’Ivoire. The production facility in Abidjan processes local fresh milk and milk powder into sweetened condensed milk and evaporated milk, which are sold on the local market under the brand name Pearl.
The production facility employs approximately 80 people.
“We are pleased with this acquisition in Côte d’Ivoire,” said Royal FrieslandCampina CEO Cees ‘t Hart. “It enables us to further strengthen our position in West Africa.”
Both parties expect the deal to be completed in the next few months. The dairy business and production facility will become part of the FrieslandCampina Europe, Middle East & Africa business group.
Source: FrieslandCampina
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