FrieslandCampina and Bongrain Enter Cheese Joint Venture
With effect from 1 January 2013, both parties will enter into a joint venture with limited scope. The joint venture will be responsible for the sale of Royal FrieslandCampina branded cheese products on the French retail market.
19 Dec 2012 --- FrieslandCampina and Bongrain will enter a joint venture for the sale of branded cheese products on the French retail market. Royal FrieslandCampina NV has stresseed that it does not intend to acquire the French Dairy Company, Bongrain SA.
With effect from 1 January 2013, both parties will enter into a joint venture with limited scope. The joint venture will be responsible for the sale of Royal FrieslandCampina branded cheese products on the French retail market. Royal FrieslandCampina will contribute its expertise in hard and semi-hard cheese production to the partnership. Bongrain will contribute its knowledge of the French branded cheese retail market.
Royal FrieslandCampina N.V. provides hundreds of millions of people all over the world with healthy food that is rich in valuable nutrients. Its product range consists of dairy drinks, baby and infant food, cheese, butter, cream, desserts and dairy-based functional ingredients. Alongside consumer products, FrieslandCampina also supplies products to professional customers active in the baking and hospital sectors, to the food industry and to the pharmaceutical sector. Based on the 2011 figures, the annual revenue of Royal FrieslandCampina amounts to almost 9.6 billion euros. The company employs some 19,000 people and operates over 100 production facilities and sales offices in 26 countries.
FrieslandCampina has concentrated its commercial activities in four business groups: Consumer Products Europe; Consumer Products International; Cheese, Butter & Milkpowder and Ingredients. Well-known FrieslandCampina brands are Campina, Chocomel, Fristi, Friesche Vlag, Mona, Optimel, Vifit, Milner, Frico, Buttergold, Valess, Appelsientje, DubbelFriss, CoolBest, Landliebe, Fruttis, Joyvalle, Yazoo, Milli Mia, Pöttyös, Napolact, NoyNoy, Dutch Lady, Frisian Flag, Foremost, Peak, Rainbow, DMV, Kievit, Domo, Creamy Creation and Nutrifeed. Royal FrieslandCampina is owned by Zuivelcoöperatie FrieslandCampina U.A., which has 14,400 member dairy farms in the Netherlands, Germany and Belgium.
