Arla Foods in Sweden has announced that it is acquiring cheese company Falbygdens Ost from Atria Scandinavia.
"Falbygdens Ost is a strategic complement to Arla's own cheese business. The decision to acquire Falbygdens Ost is in line with Arla's strategy, both globally and in Sweden, to drive its premium cheese segment", said Henri de Sauvage, the executive vice-president of Arla Foods (Sweden).
Falbygdens Ost has operations in Falköping, where they process cheese by flavouring and packaging it.
The company buys its cheese from other manufacturers and has approximately 100 employees.
It is currently owned by Atria Scandinavia, which is part of the listed Finnish group, Atria Abp.
Arla will take over Falbygdens Ost on January 7, 2015, at the earliest, pending approval from the Swedish Competition Authority.