- Jul 11, 2024
- 1 min read
The Netherlands-based dairy group Royal A-ware has revealed plans to acquire The Dairy Food Group.
Based in Belgium, The Dairy Food Group manufactures a range of dairy products for branded manufacturers and retailers under private labels.
The deal includes The Dairy Food Group’s businesses including daily milk collection round Belgian Milk Company, dessert firm Eurodesserts, Limelco, Incopack and Incorock.
The proposed acquisition aligns with Royal A-ware's business strategy of continuing to expand its dairy operations in Belgium while strengthening its position in a second domestic market.
Jan Anker, CEO of Royal A-ware Food Group, said: “Once the acquisition process is complete, we can optimise our milk processing operation in Belgium even further and so work on making supply chains even more efficient. We will also be able to offer our customer base an even wider product portfolio.”
The Dairy Food Group expects the acquisition to provide opportunities to achieve its growth ambitions sooner and create new jobs.
Nathalie Nijs, CEO of The Dairy Food Group, added: “We are delighted to be joining the Royal A-ware Food Group. This step means, for instance, that we can accelerate the sustainability credentials of our operations. As a family business, Royal A-ware strives for the same values as we do and is therefore a perfect match."
The proposed acquisition will be reported to the European Commission and is subject to certain conditions. The companies hope for the deal to be complete by FY24. Financial terms were not disclosed.
