News
Arla sells Walhorn share to Lactalis
19 Jun 2015European dairy cooperative Arla Foods and the privately-owned dairy company Lactalis have reached an agreement concerning the future of their common joint venture, Walhorn AG in Belgium. Since the merger between Arla and EGM Walhorn in August 2014, Arla became the legal successor of the 49% ownership of the joint venture company Walhorn AG – […]
European dairy cooperative Arla Foods and the privately-owned dairy company Lactalis have reached an agreement concerning the future of their common joint venture, Walhorn AG in Belgium.
Since the merger between Arla and EGM Walhorn in August 2014, Arla became the legal successor of the 49% ownership of the joint venture company Walhorn AG – with the French dairy company Lactalis owning 51% of the shares.
Since then, Arla says that it has engaged with Lactalis in a dialogue about the future of Walhorn AG, and an agreement has now been reached for Arla to sell its legal shares of Walhorn AG to Lactalis on June 30, 2015. The existing milk delivery agreement between both parties will continue with all rights and obligations until the end of June 2016. After expiry of the agreement, Arla Foods and Lactalis will make another agreement in which Arla Foods takes the obligation to deliver 100 million kgs of milk per year to Walhorn AG.
Walhorn AG operates a dairy site in the East Belgian village of Walhorn near Eupen, producing primarily milk powder, various liquid milk product sand cream.