Merger agreement signed
On Wednesday 7 May, the proposed merger agreement between Friesland Foods and Campina was approved by the general meeting of member dairy farmers of Zuivelcoöperatie Friesland Foods and the Members’ Council of Zuivelcoöperatie Campina. On Thursday 8 May, the agreement was duly signed in Amersfoort (the Netherlands) by the respective Boards and Directors of both companies.
Friesland Foods to modify shareholding structure
The general meeting of Zuivelcoöperatie Friesland Foods has approved the proposal submitted by the Board and the Board of Management to amend the shareholding structure.
Campina transfers daily fresh dairy transportation to Post-Kogeko
Transport company Post-Kogeko in Maasdijk (the Netherlands) took over the activities of Zutrans, the transport business of dairy company Campina, on 4 May 2008. Post-Kogeko will provide all Campina’s shipments of daily fresh and chilled liquid milk products in the Netherlands.
Members of Friesland Foods and Campina agree to merger
The General Meeting of member dairy farmers of Friesland Foods and the Members’ Council of Campina today (7 May) approved the proposal to merge the two dairy co-operatives and companies. The merger agreement will be signed tomorrow (8 May) by their respective Boards of Management and Co-operative Boards. The approval of the member dairy farmers is a major step forward in the merger process. It will be followed by an advice of the works councils of the two companies and a decision by the European Commission. The Commission’s response is expected in the final quarter of 2008.
Royal honour for C.H. Wantenaar
Kees Wantenaar, Chairman of the Board/Supervisory Board of the dairy co-operative Campina, was today awarded the title Companion of the Order of Oranje-Nassau.
Landliebe launches traditional cattle feed concept to increase authenticity
Landliebe launches traditional cattle feed concept to increase sustainability and authenticity During the second half of this year, Landliebe (Germany) will be launching a completely new yet wholly traditional cattle feed concept as a major extension of its quality and origin programme. From July onwards, all Landliebe’s fresh milk, long-life milk and school milk will come from cows fed exclusively on locally produced cattle feed. Landliebe will be the first German dairy brand to introduce such a concept. The feed, which will come from Germany and its EU neighbours, will be made from crops that have always traditionally been grown by German farmers.
Friesland Foods Dutch Lady Vietnam inaugurates its 2nd factory in Ha Nam
Friesland Foods Dutch Lady Vietnam officially inaugurates its 2nd factory, Ha Nam factory in the South West industrial zone, Phu Ly town, Ha Nam province with a total investment of 40 million USD.
Friesland Foods not to repay perpetual note in 2008
Koninklijke Friesland Foods N.V. will not use the possibility to repay the Perpetual Cumulative Subordinated Note issued in 2003 for a total nominal amount of 125 million euros with a coupon of 7.125% in 2008.
Friesland Foods Domo invests in a whey demineralisation centre in Bedum
Friesland Foods Domo has opened its modified plant for the production of demineralised whey products in Bedum.
Friesland Foods and Campina reach agreement on proposed merger
The Boards of Management, Cooperative Boards and Supervisory Boards of Friesland Foods and Campina have reached agreement on the proposal for the merger agreement that will create the new dairy company, FrieslandCampina, and the new dairy cooperative, FrieslandCampina. The new company will be better able to respond to dairy market developments and will be able to accelerate the realisation of the strategy of both companies. The proposal for the merger agreement will be discussed with the member farmers of both cooperatives over the next few weeks at regional meetings. The decision on the merger will be taken on 7 May 2008 by the member farmers during a General Meeting of member dairy farmers of Friesland Foods and a Members’ Council of Campina.