FrieslandCampina has made it clear that it does not intend to acquire the French Dairy Company, Bongrain SA.
With effect from 1 January 2013, both parties will enter into a joint venture with limited scope.
The joint venture will be responsible for the sale of Royal FrieslandCampina branded cheese products on the French retail market. Royal FrieslandCampina will contribute its expertise in hard and semi-hard cheese production to the partnership.
Bongrain will contribute its knowledge of the French branded cheese retail market.
Source: FrieslandCampina
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