New Zealand Dairy Board takes a stake in Vigor in Brazil
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- 15 September 2000
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The New Zealand Dairy Board, the New Zealand Dairies' Export Organisation, has taken a 51 per cent stake in Arla Foods' Brazilian partner, S. A Fabrica de Produtos Alimenticios Vigor for a sum of DKK 1.2 billion. The acquisition now awaits the approval of the Brazilian authorities.
For several years Arla Foods has operated a joint venture for cheese production at the DanVigor dairy and Divisional Director Finn Hansen, Overseas Division, expects no change in the current set-up.
With an annual turnover of DDK 2.2 billion S. A Fabrica de Produtos Alimenticios Vigor is Brazil's fifth largest dairy.
New Zealand Dairy Board, the world's largest exporter of dairy products, markets Anchor butter which is Lurpak's strongest rival in the UK market. The NZDB actively pursues a strategy of growth by acquisition.
Arla Foods is an international dairy company owned by 9,700 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. Arla Foods is one of the leading players in the international dairy arena with well-known brands like Arla®, Lurpak®, Puck® and Castello®. Arla Foods is focused on providing good dairy nourishment from sustainable farming and operations and is also the world's largest manufacturer of organic dairy products.