Arla Foods and Germany’s DMK Group will merge, creating a new dairy cooperative in Europe. The cooperative will bring together more than 12,000 farmers and have a combined pro forma revenue of €19 billion (US$20 billion). The companies say the move helps create “the future of dairy, enhancing nutritious, high-quality dairy production and innovation in Europe and globally while securing a strong milk price for our owners.” The merger is subject to approval from the cooperatives’ Board of Representatives and regulatory approval.
