Arla Foods, Foremost Farms USA to explore strategic partnership
Sharing a mutual ambition of leading the way in whey in the US, European dairy cooperative Arla Foods and US-based dairy cooperative Foremost Farms USA are in advanced discussions about forming a strategic partnership.
The vision of a potential partnership is to increase the value of whey through innovation, by combining Foremost Farms' high-quality whey with Arla Foods' extensive ingredient know-how and strong sales channels, Arla said in an October 1 press release.
Recently, Arla Foods and Foremost Farms signed a Memorandum of Understanding, formalising the possibility of a future partnership.
"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," Henrik Andersen, group vice president of Arla Foods Ingredients (AFI), said.
"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 US market."
"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," said Michael Doyle, president and CEO of Foremost Farms.
"These factors combined, will enable both companies to meet business objectives and provide whey solutions of the highest quality to the world."