Arla Foods to merge with German milk cooperative to form €19bn revenue giant
Dairy producers Arla Foods and DMK Group are set to merge in a move that will create a €19bn revenue group.
The farmer-owned groups say the move - which is subject to regulatory approval - will create the strongest dairy cooperative in Europe. It follows collaboration between the two organisations, who say the merger will create a solid supply of milk and give it the financial muscle to invest for the future.
Jan Toft Nørgaard, chair of Arla Foods, said: "The foundation of this partnership is formed by our shared values, and I am immensely proud of this proposed merger, which is a win-win for our cooperatives. The strength of b
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