Arla Foods amba offers to purchase Allgäuland-​Käsereien

Arla Foods amba has made a firm offer to purchase the southern German dairy company Allgäuland-​Käsereien. The offer to buy Allgäuland-​Käsereien could result in Arla increasing its presence on the German market via the southern German dairy. Arla’s offer will now be presented to the Allgäuland milk producers. In a letter to the dairy farmers, the chairman of the board of Allgäuland-​Käsereiens said: “We’re very pleased to receive Arla’s offer because the planned acquisition isn’t only an important, but also a necessary step towards ensuring the future of our company.” The next step in the process is that Allgäuland-​Käsereien will hold a general meeting at which its milk producers will make a decision regarding the purchase offer. If they decide to accept the offer, the acquisition will be subject to approval by the EU competition authorities before the deal can be complete.

Related News

no news in this list.