Fonterra JV to buy lactose business from Dutch partner Royal FrieslandCampina
Dec. 31 (BusinessWire) – Fonterra Cooperative Group, the world’s biggest dairy exporter, said its joint venture with
Royal FrieslandCampina will acquire the Dutch milk products group’s pharmaceutical lactose business for about $106
million.
Fonterra’s share of the purchase price is $53 million, the cooperative said in a statement today. The DMV-Fonterra
Excipients JV will acquire the FrieslandCampina Domo-Pharma unit subject to regulatory approvals in a deal expected by
March, it said.
The transaction will add value to Fonterra by creating a larger scale pharmaceutical lactose business, said Andrei
Mikhalevsky, managing director for ingredients. The deal would combine the two companies’ R capabilities, he said.
(BusinessWire)