“Hansa-Milch and Mecklenburg-Holstein and the Scandinavian company Arla Foods are set to merge,” Arla said in a statement.
The German company, owned by some 1,200 farmers in Northern Germany, would now be known as Hansa Arla Milch. Arla, which will retain its name, is owned by some 7,600 dairy farmers in Denmark and Sweden. It says it’s already the fourth largest dairy cooperative in the world and the largest global supplier of organic milk.
The merger still needs approval from European regulatory authorities.
The two groups had announced in December they were in merger talks, with Arla chief executive Peder Tuborgh noting the move would give Arla a boost for the German retail market.
© FoodBev Media Ltd 2020
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