Scottish Dairy Venture

New Zealand dairy giant Fonterra, the largest processor of milk in the world, has made its first move into Europe by forming a joint venture with Scotland-based First Milk, which supplies and markets 15 per cent of the milk produced in the UK. The farmer-owned co-operatives will combine their intellectual property and industry expertise at First Milk’s Lake District creamery in Cumbria to add value to its output of whey. Fonterra Europe’s managing director Koert Liekelema said: “First Milk shares the co-operative heritage and spirit with us and we look forward to using our consumer insights and innovative mindset to produce products which help European consumers live healthier lives.” Fonterra employs 16, people and supplies dairy ingredients to 1 markets around the world. It also has its own consumer dairy brands in New Zealand, Australia, Asia, Africa, Middle East and Latin America.

Tags: Europe  Financial Times  First Milk  Fonterra  Scotland