Tuesday, April 20, 2021

FrieslandCampina and Domty form joint venture for cheese export

FrieslandCampina and the Arabian Food industries Company (Domty), one of the biggest cheese manufacturers in Egypt, have signed a joint venture agreement that will focus on the export of cheese to Africa and the Middle East.

The companies are combining their efforts in a new company that will export and sell affordable cheese propositions to markets in Africa and the Middle East from Egypt.

“We have been seeking this venture as a company for long,” said Mohamed Damaty, Vice CEO of Arabian Food Industries.

“We believe that our products can fit well into the African market and joining forces with FrieslandCampina will help us a lot to do so. We are optimistic about the venture and its ability to grow in the future.”

Dustin Woodward, Managing Director, FrieslandCampina Consumer Dairy Africa, said: “Combining our joint expertise,  capabilities and footprint will allow us to nourish more African families than ever before.

“Over the next few years we will bring exciting innovations that will create new cheese propositions that are more healthy, affordable and accessible to consumers across Africa and the Middle East.”

FrieslandCampina will hold a 51% interest in the joint venture and Domty, 49%.

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