Business Daily Media

Arla Foods Ingredients and Volac Joint Statement on Acquisition Decision

TAIPEI, TAIWAN - Media OutReach Newswire - 7 November 2024 - The UK's Competition and Markets Authority has approved Arla Foods Ingredients' acquisition of Volac's Whey Nutrition business. The regulator's go-ahead follows an evaluation that took place after the two companies signed an acquisition agreement on April 18th 2024.



Arla Foods Ingredients
Arla Foods Ingredients

Commenting on the announcement, Luis Cubel, Group Vice President and Managing Director of Arla Foods Ingredients, said: "This is a very welcome decision at a time when demand for high-quality whey ingredients is growing. It means we're a step closer to a significant acquisition that would consolidate our position as a leader in the whey nutrition space. We will now move forward with the formal process necessary to make Volac's Whey Nutrition business part of Arla Foods Ingredients. Once that is complete, we will be able to comment further on the many advantages of bringing together these two major manufacturers of whey ingredients – not just for both companies, but also for our customers and the industry as a whole."

Commenting on behalf of the Neville family, James Neville, joint owner of Volac, said: "We were always confident that Arla Foods Ingredients had the necessary expertise and values to take our Whey Nutrition business to the next level, and we are delighted to have reached this important step in the acquisition process. It's great news for Volac Whey Nutrition, and for the whey ingredients sector, that these two innovative companies have been allowed to join forces.


Hashtag: #ArlaFoodsIngredients

The issuer is solely responsible for the content of this announcement.

Arla Foods Ingredient

Arla Foods Ingredients, Arla Foods Ingredients is a global leader in improving premium nutrition. Together with our customers, research partners, suppliers, NGOs and others, we discover and deliver documented ingredients and products that can advance lifelong nutrition for the benefit of consumers around the world. We serve leading global brands in early life nutrition, medical nutrition, sports nutrition, health foods, and other foods and beverages.

Volac

Volac is a fast-growing, ambitious international dairy business. We are world leaders in dairy nutrition and our mission is to develop great products that advance the health and performance of consumers and farm animals. Our heritage as an innovative family business inspires us to confront the challenges in our world.

News from Asia

Kenanga Investment Bank Highlights Collective Efforts Against Fraud in its 8th Annual Fraud Awareness Week

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 November 2024 - Kenanga Investment Bank Berhad ("Kenanga" or "The Group") presents its eighth annual Fraud Awareness Week ("FAW"), highlightin...

The Establishment Agreement of the International Mangrove Center was signed in Shenzhen, China

SHENZHEN, CHINA - Media OutReach Newswire - 18 November 2024 - On November 6, 2024, the Establishment Agreement of the International Mangrove Center was officially signed in Shenzhen, Guangdong. R...

Generali Hong Kong Assigned ‘A’ Rating with ‘Stable’ Outlook by Fitch Ratings

HONG KONG SAR - Media OutReach Newswire - 20 November 2024 - Generali Life (Hong Kong) Limited ("Generali Hong Kong") has been assigned an Insurer Financial Strength (IFS) Rating of 'A' (Strong) b...

Jiangxi's Preservation of Ancient Streets and Villages Sparks a Surge in Cultural Tourism

NANCHANG, CHINA - Media OutReach Newswire - 20 November 2024 - On November 20th, the dance drama "Tian Gong Kai Wu," based on the legendary life of Jiangxi-born scientist Song Yingxing from the Mi...

CGTN: China to inject vitality into fair, equitable global governance system

BEIJING, CHINA - Media OutReach Newswire - 20 November 2024 - Nestled on the Red Sea coast of northwest Saudi Arabia, Neom, a brand-new metropolis, has reached a major milestone in its journey tow...

China's "Hainan Fresh Produce": Sweet Fruits 18°N Gaining Global Popularity

HAIKOU, CHINA - Media OutReach Newswire - 20 November 2024 - The northern hemisphere transitions into winter in November. In the southern end of Hainan Free Trade Port in China, Sanya City and Led...

DX design hub to Host Launching Party on 3 December, Open to the Public from 4 December

New Design Spot in Sham Shui Po Seeks to Nurture Creative and Design Talents, Foster Cross-Industry Collaboration and Exchanges A Creative Hub for Design and Fashion Inspiration HONG KONG SAR - ...

Results Of the Maire Foundation Study at COP29 In Baku: People in Azerbaijan and Kazakhstan Aware of The Urgency of The Energy Transition

MILAN/BAKU - Newsaktuell - 20 November 2024 – Awareness of the importance of the energy transition and the benefits that it can bring to the environment, the economy and society, is growing, includ...

SEAS unveils DigiLeap: AI-driven Decarbonisation Platform for Businesses supported by KPMG

DigiLeap is a first-of-its-kind AI-driven platform connecting over 200 enterprises, including financial institutions and technology providers, to expedite Singapore and ASEAN's trans...

OH!SOME Wins the FMCG Asia Awards 2024 for Global Membership Service System

Committed to Building a New Retail Membership System for the Southeast Asian Market JAKARTA, INDONESIA - Media OutReach Newswire - 20 November 2024 - The one-stop trendy retail brand OH!SOME has w...

Tips for Keeping Your Business OSHA Compliant

As a business owner, you are legally and morally responsible for your employee's safety and wellness. OSHA sets standards and regulations that bus...

Business Training

Living in Central Coast NSW: Pros and Cons

Central Coast NSW is one of the most beautiful regions in Australia, with stunning beaches, national parks, and a laid-back lifestyle. However, li...

Property

5 Tips for Ensuring You Don’t buy a Dud Property

People purchase properties because of rental payments and the gradual appreciation of the property. However, there are cases where people purchase p...

Property

What To Consider When Choosing A Commercial Office Space

Choosing an office space for your business takes time and should be conducted carefully. A rushed decision can have long-term implications, especial...

Property

Basic Dropshipping Business Tips To Remember

During the pandemic one of the businesses which many people looked to get involved with was dropshipping, a great option if you know what you are do...

Business Training

Australian Venue Co to acquire 9 Western Australia venues

Leading hospitality group to enter acquisition & asset swap agreements with Ark Group & Colonial Leisure Group  Australian Venue Co is pl...

Property