The Boards of Directors of Dutch dairy cooperatives
Royal FrieslandFoods and Campina BV Thursday have proposed a merger in
order to form a company capable of competing with global players such as
Nestle and Groupe Danone.
The Boards of Directors of Dutch dairy cooperatives Royal
FrieslandFoods and Campina BV Thursday have proposed a merger in order
to form a company capable of competing with global players such as
Nestle and Groupe Danone. The merger will be voted on by the coop
members in May. The new company, to be named FrieslandCampina, is
expected to have yearly revenues of more than 9 billion [euro] ($14
billion). Although the two companies offer a broad array of dairy foods
in a multitude of countries, their ice cream production appears to be
rather limited, represented by smaller players such as Romania's
Napoca ice cream.
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