The Member Council of Zuivelcoöperatie FrieslandCampina U.A. approved the sale of part of FrieslandCampina’s German consumer business to Unternehmensgruppe Theo Müller. In a business update Hein Schumacher, CEO of Royal FrieslandCampina N.V., also announced that the Friso infant nutrition business remains an important part of FrieslandCampina’s business portfolio.
FrieslandCampina’s Members’ Council approved the sale of part of the German consumer business, including the brands Landliebe and Tuffi, as well as three production facilities. Prior to the voting, Chairman Sybren Attema emphasised that this step creates value for all members and that the membership of the cooperative remains unchanged for the German members. The German competition authority’s decision on the proposed transaction is expected later this year.
Business update: Friso business remains important part of business portfolio
Hein Schumacher also announced the outcome of the strategic evaluation of the infant nutrition activities under the Friso brand. The evaluation underlined that Friso will continue to provide significant added value to the total business portfolio and that greater focus will contribute to optimal growth. To this end, the geographical focus of the business will be on several core markets: China, Greece, Malaysia, Mexico, and Vietnam. The business group Specialised Nutrition will fully focus on the Friso brand, innovation in the premium segment and further digitalisation. The strategic review was announced on 14 December 2021.