Irish-owned dairy giant Glanbia has announced that it is in discussions with Dairy Farmers of America, Inc, Michigan Milk Producers Association and Foremost Farms USA to create a new standalone cheese and whey facility in Michiganm USA, which will be capable of producing 3.6 million litres of milk per day.
According to the terms of the deal, 50% of the joint venture will be owned by Glanbia, and the remaining 50% will be owned by the other three parties.
Glanbia will have 'full responsibility for all commercial, technical and operational aspects of the business', according to a company statement.
“Glanbia is delighted to announce this exciting proposed project in the state of Michigan with DFA, Michigan Milk Producers Association and Foremost Farms," said Brian Phelan, CEO of Glanbia Nutritionals.
"Consistent with Glanbia’s growth strategy, this proposed venture will build on our position as the number one producer of American-style cheddar cheese and simultaneously expand our global position as a supplier of advanced technology whey protein to the nutritional sector. This proposed joint venture is a strategic move by all the partners to benefit from the growing, large-scale milk pool in the State of Michigan.”
The facility is expected to be commissioned in the second half of 2019.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up for ESM: The European Supermarket Magazine.
