Irish dairy firm Ornua has completed the purchase of the CoreFX Ingredients division of Illinois-based dairy ingredients firm MCT Dairies, including a powder ingredient production facility.
The acquisition, made in partnership with Denis Neville, formerly of MCT Dairies, sees Ornua take control of its first specialty dry ingredients business on other side of the Atlantic, complementing the group’s operations in Saudi Arabia, Spain and the UK.
“This acquisition is another key milestone in Ornua’s US expansion programme and is in-line with our strategy to invest in high growth and profitable dairy businesses,” said Kevin Lane, Ornua chief executive.
“CoreFX Ingredients will provide our Ingredients division with greater scale and enhances our capability to deliver bespoke ingredient solutions to our customers. Importantly, we can share its dairy technologies across all of our ingredient operations around the world and in turn drive growth.”
Headquartered in Chicago, CoreFX Ingredients uses spray drying and dry blending technologies to produce a range of dairy, cheese and lipid powder ingredient solutions for US food manufacturing and foodservice customers.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
