FrieslandCampina to merge with Belgian Milcobel
No financial details of the deal were disclosed
19 December 2024
1 minute read
By: Dutch dairy collective FrieslandCampina has agreed to merge with smaller Belgian rival Milcobel, it said on Wednesday, creating a company with combined revenues of more than 14 billion euros ($14.66 billion), reported Reuters.
No financial details of the deal were disclosed.
The merged company would be active in 30 countries, with almost 22,000 employees worldwide with dairy delivered by around 11,000 member companies.
FrieslandCampina had revenues of 13 billion euros in 2023, while Milcobel had 1.4 billion euros in sales.
The takeover does not include Milcobel's ice-cream division Ysco, which will be sold, the companies said.
The companies aim to present a detailed plan for their deal early next year.
($1 = 0.9550 euros)
