Changes in joint venture structure now in effect

Date: 04.09.2023Source: Arla Foods Ingredients

For more than 10 years MV Ingredients and Vloac have benefitted from the successful 50:50 joint venture based at Arla Foods’ Taw Valley site. MV Ingredients produces permeate powder sold by Volac and liquid WPC sold to Volac. Arla Foods Ingredients will now take on full ownership of MV Ingredients and account management for the permeate powder. Arla Foods Ingredients will, for a period of time, continue to supply Volac with WPC liquid.

Said Richard Jones, MD, Whey Nutrition Division, Volac: “We have enjoyed a very successful period with MV Ingredients since its inception in 2010, originally with Milk Link, latterly with Arla Foods Ingredients. At the foundation of the joint venture Volac brought a wealth of whey processing expertise which complemented Milk Link’s production of superior raw materials. As with any joint venture, there comes a time when it is the right thing for both parties to move on and I am delighted that we are leaving on excellent terms and look forward to continuing our relationship.”

Added Henrik Andersen, Arla Foods Ingredients CEO: “MV Ingredients processes raw whey coming from Arla Foods-owned Taw Valley dairy and the opportunity to take full control of whey already produced within the Arla Foods loop is a great opportunity.

“Arla Foods Ingredients is actively looking for more whey to continue our journey to discover and deliver powerful nutrition for a stronger tomorrow. And the whey produced at Arla Foods dairies, processing milk supplied from Arla Foods’ farmer owners, is top class and we are extremely happy to acquire full control of MV Ingredients following a productive partnership with Volac.”

The new ownership structure takes effect from September 1st, 2023. For more visit arlafoodsingredients.com

David Cox / IDM

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