First Milk and Milk Link have announced that they have agreed terms for Arla Foods UK plc (Arla) to become a shareholder in Westbury Dairies Limited, the joint venture company that operates the country’s most modern skimmed milk powder and bulk butter production facility located in Westbury, Wiltshire. In doing so, they have agreed to sell a minority share in the company to Arla.
Following a decision by Fonterra to dispose of its minority interest in a joint venture with Arla Foods amba, Arla, the majority stakeholder, has acquired the 25 per cent share that it did not already own.
Almost eleven thousand Danish, Swedish and British dairy farmers are uniting in a joint venture that will see farmers within Arla Foods Milk Partnership (AFMP) become part owners of Arla Foods UK plc, through their investment company, Milk Partnership Ltd (MPL).
Arla Foods is driving retail cream sales following the launch of innovative new fresh cream packaging.
Arla has proved the top choice once again after retaining 100 per cent of Sainsbury's fresh cream business.