Latest news with #DMKGroup
Yahoo
20-06-2025
- Business
- Yahoo
Germany's DMK dairy giant clears first hurdle in Arla merger plan
Germany's DMK Group and the Danish-Swedish giant Arla Foods have cleared the first hurdle on their way to becoming Europe's largest dairy co-operative. Farmers from both organizations agreed to a planned merger with large majorities at separate meetings, the companies announced on Wednesday. At DMK, more than 200 dairy farmers met in the northern German city of Hanover to vote on the merger plans, which were announced in April. The EU's competition authority must now give its approval, a process that could take until next March, DMK said. Until then, the two organizations will continue to operate separately. According to a DMK spokeswoman, the merger would bring together more than 12,000 farmers in a joint co-operative, to be named Arla. This would include around 4,600 farmers from DMK in Germany and the Netherlands, and some 7,600 from Arla in Denmark, Sweden, the United Kingdom, Germany, Belgium, Luxembourg and the Netherlands. DMK has its headquarters in Zeven in the northern German state of Lower Saxony, while its administration is based in Bremen. Arla is based in the Danish town of Viby, which is also set to be the future headquarters of the merged company. Together, the two co-operatives have an annual turnover of almost €19 billion ($22 billion) and around 28,700 employees. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
Arla and DMK to merge into European dairy heavyweight
International dairy giant Arla Foods is set to merge with German dairy cooperative DMK Group, forming an entity of more than 12,000 farmers across seven countries. The pair said in a joint statement the deal will create "the largest dairy cooperative in Europe", with members in Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. The merger is subject to regulatory approval and the backing of the board of representatives in both cooperatives in June. It could bring a combined pro-forma revenue of €19bn ($20.75bn) to the new entity, which will carry the Arla name and be headquartered in Viby J, Denmark. DMK CEO Ingo Müller will lead the Arla executive management team as EVP of post-merger integration. The proposed deal is the latest transaction announced between two major dairy groups in Europe. In December, Dutch dairy cooperative FrieslandCampina set out plans to merge with Belgian peer Milcobel. Jan Toft Nørgaard, the chair of Arla, called the merger a "win-win" for both cooperatives. "The strength of both Arla and DMK Group lies in our shared commitment to quality and innovation, and I see DMK Group as the perfect partner in shaping a new and strengthened Arla, poised to lead in the dairy industry," he added. Müller said the merger would open up new markets. "Through Arla's global reach we can access consumers and customers beyond our current geographical reach as well as strengthening our business resilience. Our complementary strengths, both in business and mindset, will enable us to keep advancing in dairy technology and innovation, while also providing a strong home for farmers,' he said. The two cooperatives have worked together in the past, including on the ArNoCo joint venture to process whey from DMK's cheese production into whey protein concentrate and lactose for Arla's global ingredients business. The pair believe the merger will provide resilience through an anticipated decline in the overall European milk pool. Speaking to Just Food, Arla confirmed the proposed merger would not impact its offer for a majority stake in Egyptian food-and-beverage company Arabian Food Industries, known as Domty. In 2024, Arla's revenues reached €13.8bn ($14.39bn), a rise on the €13.7bn generated a year earlier. The group produces some 13.7bn kilograms of milk per year and holds the brands Arla, Lurpak, Puck and Castello. The co-op is owned by its more than 7,600 farmers. DMK employs around 6,800 staff at more than 20 locations mainly in Germany and the Netherlands. In 2024, DMK generated revenue of €5.1bn, down from €5.5bn a year earlier. Its brands include Milram, Oldenburger, Uniekaas, Alete Bewusst and Humana. "Arla and DMK to merge into European dairy heavyweight" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
08-04-2025
- Business
- Bloomberg
Denmark's Arla and Germany's DMK to Create European Dairy Giant
Denmark's Arla Foods and Germany's DMK Group plan to merge into one cooperative, bringing together more than 12,000 farmers to create a European dairy giant. The joint entity will carry the Arla name and has a combined annual revenue of €19 billion ($20.7 billion), the companies said in a statement on Tuesday. The headquarters will be in Viby, Denmark, with current Arla Chief Executive Officer Peder Tuborgh retaining that role in the new company.
Reuters
08-04-2025
- Business
- Reuters
Denmark's Arla plans dairy tie-up with Germany's DMK
COPENHAGEN, April 8 (Reuters) - Denmark's Arla Foods plans to merge with smaller German rival DMK Group to form Europe's biggest dairy cooperative owned by more than 12,000 farmers, the two companies said in a joint statement on Tuesday. The merged entity will carry the Arla name, and Peder Tuborgh, current Arla CEO, will become head of the company, which will be headquartered in Denmark, they said. The joint cooperative will have a combined annual pro forma revenue of 19 billion euros ($20.79 billion), the companies added. "This merger is a natural continuation of our strong collaboration to the benefit of consumers, our farmers and their milk price," Tuborgh said in the statement. The new entity will be stronger and more resilient in the face of an anticipated decline in overall European milk volumes, through more diversified product portfolios and market positions, they said. "Through Arla's global reach we can access consumers and customers beyond our current geographical reach as well as strengthening our business resilience," said DMK Group CEO Ingo Muller, who will become part of Arla's executive management. The agreement is subject to votes by the boards of representatives of both companies, scheduled for June of this year, as well as regulatory approvals, which the companies said were expected towards the end of 2025. ($1 = 0.9141 euros)
