|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Arla Foods Ingredients moves forward with acquisition of Volac Whey Nutrition business
|
|
Thursday, 21 November, 2024, 16 : 00 PM [IST]
|
|
Denmark
|
Arla Foods Ingredients is moving forward with its acquisition of Volac’s Whey Nutrition business, after it was approved by UK’s Competition and Markets Authority. The regulator’s go-ahead followed an agreement between the two companies, which was signed in April 2024.
The business is built around a processing facility at Felinfach in Wales, which handles large volumes of whey and specialises in the production of whey protein isolate (WPI). The site will now become a cornerstone of its global production facilities, with further investment and expansion planned in the coming years.
The acquisition gives it a significant additional quantity of whey, helping it meet a growing market need. There is particular demand for WPI in the health and sports nutrition sectors, which grew by a CAGR of 9% between 2010 and 2023. It projects that its sales of WPI will rise significantly over the next five years. The facility will also produce whey fat concentrate and lactose.
Luis Cubel, Group vice president and managing director at Arla Foods Ingredients, said, “Our acquisition of Volac Whey Nutrition brings together two major manufacturers of whey ingredients, and consolidates our position as a leader in the space. Having Volac’s experts – and its network of trusted supply partners – as part of our team gives us several strategic advantages. It expands our market reach, helping us serve even more customers, and strengthens our global supply chain at a time when demand for whey is growing. Furthermore, these are two companies with shared values and a joint commitment to quality, sustainability and innovation. We look forward to learning from our new colleagues and partners and harnessing our respective strengths to meet the evolving needs of manufacturers and consumers, especially in the sports nutrition space.”
|
|
|
|
|
|
|
|
|
|