Arla and Foremost Farms Exploring a Partnership to Market Whey
Two dairy cooperatives from the U.S. and Europe are looking at entering a partnership that would help market whey.
Arla Foods and Foremost Farms signed a memorandum of understanding in September at a meeting in Denmark. The cooperatives made an official announcement on Oct. 1, formalizing what could become a future partnership between the cooperatives. The objective of the strategic partnership is to increase the value of whey via innovation. The partnership would capitalize on Arla Foods’ extensive ingredient knowledge and strong sales channels, while utilizing high-quality whey from Foremost Farms.
“We are excited about working with Arla Foods to create an international strategic partnership. By working with Arla, we can leverage their global food supply connections and innovation expertise with Foremost Farms’ diverse plant network and access to high-quality member milk. These factors combined, will enable both companies to meet business objectives and provide whey solutions of the highest quality to the world,” says Michael Doyle, President and CEO of Foremost Farms.
“As farmer-owned cooperatives, Arla Foods and Foremost Farms USA share many of the same values and both parties see a high degree of compatibility on visions and ambitions within whey. We are confident that Foremost Farms can be the right partner for us in our efforts to secure access to high-quality whey in the U.S. market,” says Henrik Andersen, Group Vice President of Arla Foods Ingredients.
No further details are available about the strategic partnership at the moment.
Thu, 10/11/2018 – 05:23
Michael Doyle (right), President and CEO of Foremost Farms, and Henrik Andersen (left), Group Vice President of Arla Foods Ingredients, signed a memorandum of understanding in September formalizing the possibility of a future partnership between the cooperatives.
Foremost Farms and Arla Foods
Source: Dairy Herd