Dutch dairy cooperative Friesland Campina has entered into an agreement with the Irish Dairy Board to acquire IDB Belgium, one of the largest Belgian packers of continental cheeses.
IDB Belgium packs cheeses for a number of international clients, sells its products domestically and exports to 11 countries. The company is also a specialist packer of several branded products. In 2011, IDB Belgium reported sales of about €100 million.
Friesland Campina is wholly owned by the dairy co-operative Zuivelcoöperatie FrieslandCampina, which has 14,391 member dairy farms in the Netherlands, Germany and Belgium. In 2011, sales amounted to over €9.6 billion. The company employs 19,000 people in 25 countries.
“With this acquisition Friesland Campina expands its market position with pre-packed cheese for both retailers and food services", said Piet Hilarides, chief operating officer, Royal FrieslandCampina. "This acquisition contributes to our growth objective as laid down in our strategy route2020.”
“Our company’s strong potential can best be realised with the support of a strategic partner who can help create greater synergies,” said Luc Lamberigts, general manager, IDB Belgium. “The Dutch FrieslandCampina, one of the world’s largest dairy companies with offices and facilities in 26 countries and products sold in more than 100 countries, is that kind of partner.”
IDB Belgium has one production facility in Genk, Belgium that consists of 15 packaging lines with a large variety of slicing and packaging forms and size options. The plant employs around 160 people.
IDB Belgium will operate independently and will continue to serve its customers. The transaction is expected to be completed by 31 July 2012.