FDBusiness.com

Fonterra and First Milk Form Whey Joint Venture

 Breaking News
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...
  • Almonds Retain Top Spot For Nut Introductions in Europe According to Innova Market Research’s latest Global New Product Introductions Report, almonds retain the number one spot for nut introductions in Europe. With a 47% share of global almond product introductions, the region leads globally for the eleventh year running. Europe as a whole saw a total of 5,017 new introductions with almonds – a [...]...
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...

Fonterra and First Milk Form Whey Joint Venture

Fonterra and First Milk Form Whey Joint Venture
September 06
08:30 2011

New Zealand-based Fonterra and UK-based First Milk have established a strategic joint venture to produce premium whey proteins for Fonterra’s growing food ingredients business. The two dairy farmer co-operatives will combine their intellectual property and industry expertise to add value to the whey streams at First Milk’s Lake District creamery in Cumbria, England.

 

First Milk supplies and markets 15% of the milk produced in the UK. As an integrated company, it is a major player in the liquid milk, dairy ingredients and cheese sectors.

 

For Fonterra the joint venture is the first step in realising its goal of local European sourcing to meet the nutrition ingredient demand of European customers. For First Milk the deal adds value to the whey stream of the cheese making process, which will enhance the returns it can pass back to its farmer members.

 

Kate Allum, chief executive of First Milk.

Koert Liekelema, Fonterra Europe’s managing director, says: “First Milk shares the co-operative heritage and spirit with us and we look forward to using our consumer insights and innovative mind-set to produce products which help European consumers live healthier lives. This deal underpins Fonterra’s strategic focus on premium ingredients, in particular milk and whey proteins. Furthermore, we are very pleased to secure First Milk’s whey protein, enabling Fonterra to offer custom made, premium whey protein ingredients to the major food companies inEurope.”

 

Kate Allum, chief executive of First Milk, comments: “While this is our first step into added value whey markets, it builds on the work we have done recently with a range of partners across the supply chain to deliver pioneering solutions. Obviously the UK market remains the bedrock of our business. However, it is also important that we explore opportunities, such as this one with Fonterra, that have the potential to deliver enhanced returns for our dairy farmers.”

 

The premium whey proteins from First Milk’s Lake District creamery will be applied in Fonterra’s functional and cultured nutrition ingredients like PowerProtein and ElevateProtein, based on Whey Protein 80% ingredients (WPC80).

 

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements