Joint venture approved by the EU
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- 10 October 2003
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Arla Foods’ joint venture with Germany’s second largest sugar manufacturer, Nordzucker, has been approved by the EU’s competition authorities.
The approval means that the joint venture, SweetGredients, will become responsible for the production of the new functional sweetener, Gaio tagatose, currently used in Diet Pepsi Slurpee in the US.
Arla Foods and Nordzucker each hold a 50% stake in SweetGredients.
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.