Skånemejerier and Danone to form joint company
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- 12 October 2000
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The Swedish dairy company, Skånemejerier, and the French food giant Danone, intend to establish a joint venture for production, sales and product development in Sweden late in October.
The venture, in which Skånemejerier and Danone each hold a 50 per cent share, represents a further strengthening of their three year partnership in the Swedish market to include sales of the two companies' products in Finland and Denmark.
Danone recently terminated a production agreement with Finland's largest dairy company, Valio. Earlier in the year a sales and distribution partnership between Danone and Arla Foods in the Danish market came to an end.
With an annual turnover of approximately DKK 97 billion of which yoghurt accounts for half, Danone is the world's largest producer of yoghurt.
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.