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Arla Foods Ingredients takes control of MV Ingredients JV as Volac exits

Tag：Also in the news Beverage Diary 2023-09-06 09:29

Arla Foods Ingredients has taken full control of MV Ingredients as Volac has exited the joint venture, which has been in place for more than ten years.

Over the last decade, both companies have benefitted from the 50/50 JV based at Arla Foods’ Taw Valley site in the UK.

MV Ingredients produces permeate powder sold by Volac and liquid WPC sold to Volac. Under the new deal, Arla Foods Ingredients will take on full ownership of MV Ingredients and account management for the permeate powder, and for a period, will continue to supply Volac with WPC liquid.

CEO of Arla Foods Ingredients, Henrik Andersen, said: “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.”

He continued: “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”.

Richard Jones, MD, Whey Nutrition Division at Volac, added: “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.”

The new ownership structure took effect on 1 September 2023.

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