Arla Says Yes to Mergers
EU - Arla Foods' Board of Representatives has approved Arla's proposed mergers with the German Milch-Union Hocheifel and British Milk Link.
28 June 2012
1 minute read
The Board of Representatives voted in favour of the two mergers by a large majority.
"Now a large majority has voted in favour at all three companies and it feels really good to have made this decision on a future together. We would like to extend a warm welcome to Arla to our new members from MUH and Milk Link," said Chairman of Arla Foods, Åke Hantoft.
Arla's CEO, Peder Tuborgh, is also pleased with the decision of the owners.
"This is an important decision and fundamentally strengthens Arla. The circle of ownership is being expanded with more owners and with owners in the UK, who all share our vision of the future: To be a strong European dairy company that operates in a global market."
The two mergers will now be examined by the relevant regulatory authorities. Arla expects to be able to carry out the mergers during the autumn of 2012.
TheCattleSite News Desk
