FDBusiness.com

Arla Foods Sells Packaging Subsidiary

 Breaking News
  • Change of Leadership at Edrington Edrington, the international premium spirits company, has announced that chief executive officer Ian Curle will retire in March 2019 after 15 years in that role. His successor will be Scott McCroskie, who is currently a member of the Edrington board and managing director of The Macallan. Ian Curle joined the business in 1986 through Edrington’s subsidiary [...]...
  • Guinness to Sponsor Six Nations Rugby The iconic global brand Guinness is to become the new title sponsor of the Six Nations, with the Championship to be known as the Guinness Six Nations from 2019. The Six Nations is one of the world’s best attended sports events and regularly attracts record TV and online audiences in the UK, France, Ireland, Italy [...]...
  • Mondelēz International Expands its Global Technical Center in Poland Mondelēz International has announced a new investment in its Global Technical Center in Wroclaw, Poland. Only 1.5 years after the center opening, the company invested a further $5 million, in addition to the initial $17 million investment, to expand the research and development activities beyond Chocolate and Bakery and serve Gum and Candy innovation. This state-of-the-art facility will now serve [...]...
  • Givaudan Launches a New Innovation Platform Givaudan, the global leader in flavours and fragrances, has launched MISTA, a new innovation platform for the food industry. More encompassing than an incubator or accelerator, MISTA is an optimiser, enabling start-ups and established corporations to optimise ideas, products, people and investments. Located in San Francisco, MISTA will open its physical premises in early 2019. With [...]...
  • Cargill Celebrates a Decade of Sustainability and Innovation in Ghana With Investment Plans and Farmer Support Cargill’s cocoa & chocolate business has commemorated its 10th anniversary in Ghana by announcing plans for future investment and farmer support. Cargill’s 2022 roadmap for Ghana includes: * 80,000 farmers receiving capacity building support and facilitated access to inputs through our Farmer Field Schools * The provision of one million new cocoa seedlings for rehabilitation of old farms [...]...

Arla Foods Sells Packaging Subsidiary

Arla Foods Sells Packaging Subsidiary
May 09
11:40 2014

Dairy co-operative Arla Foods has agreed to sell its packaging subsidiary Danapak Flexibles to Austria-based Schur Flexibles Group for an undisclosed price. The takeover is expected to be completed by July 1st 2014, subject to approval by the relevant competition authorities.

Danapak Flexibles is a Denmark-based supplier of high-quality packaging for companies in the pharma, dairy, and food industries. Founded in 1955 by the Danish Dairy Board, the business has since been owned by several companies in various constellations, also partly owned by Arla.

In 2009, Arla took over the full ownership of the subsidiary with intentions to prepare the company for a sale to the right buyer within the packaging industry. Meanwhile, in all significant matters, Danapak Flexibles has continued to operate as a stand-alone business. Following years of negative results, Danapak Flexibles has made a successful ‘turn around’ in recent years.

An agreement has now been reached between Arla and the packaging company Schur Flexibles Group in Austria for the sale of Danapak Flexibles.

“We believe this is a ‘win-win’ situation for all parties involved – for Danapak, for Schur Flexibles and for Arla,” says vice-CEO in Arla Foods, Povl Krogsgaard. “Over the past several years Arla has sold off subsidiaries that do not have a direct link to dairy production in order to focus on our core business. Since it is not within Arla’s core business to produce packaging, we are no longer the right owner of Danapak, who will be better suited under new ownership that can take the company to the next level in its future development.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements