Changes in joint venture structure as Volac exits MV Ingredients and Arla Foods Ingredients takes full control
Both companies have for more than 10 years 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.
“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 “, says Richard Jones, MD, Whey Nutrition Division at Volac.
“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”, CEO of Arla Foods Ingredients, Henrik Andersen, explains:
“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.
ENDS
About Volac Volac is a fast-growing, ambitious international dairy business. We are world leaders in dairy nutrition and our mission is to develop great products that advance the health and performance of consumers and farm animals. Our heritage as an innovative family business inspires us to confront the challenges in our world. We care deeply for our customers and enjoy helping our partners and communities prosper, so together we can contribute to a sustainable, healthier future. The company has eight production facilities (four of them in the UK, one in Ireland, one in the U.S., one in Indonesia and one in Malaysia) where we manufacture and supply high quality dairy nutrition products to the global market. Volac is a wholly owned subsidiary of Woodford Holdings Ltd, a non-trading company About Arla Foods Ingredients Arla Foods Ingredients is a global leader in improving premium nutrition. Together with customers, research partners, suppliers, NGOs and others, Arla Foods Ingredients discover and deliver documented ingredients and products that can advance lifelong nutrition for the benefit of consumers around the world. Arla Foods Ingredients serves leading global brands in early life nutrition, medical nutrition, sports nutrition, health foods, and other foods and beverages. Headquartered in Denmark, Arla Foods Ingredients is a 100 % owned subsidiary of Arla Foods.