ZALTBOMMEL, The Netherlands, June 1, 2006 /PRNewswire via COMTEX/ -- The international dairy company Campina has acquired Argentinean dairy ingredient specialist Inovatech Argentina S.A. The acquisition creates new growth opportunities for Campina's Industrial Products group. With Inovatech, Campina will strengthen its market position with dairy ingredients for the food and nutrition industry mainly in South America. Inovatech Argentina S.A. will be integrated into DMV International, a division of Campina's Industrial Products group. The acquisition will be effective as of June 1st, 2006.
Inovatech Argentina S.A. is located in Villa Nueva in the province Cordoba in Argentina. The company has some 65 employees and an annual turnover of EUR 12 million. Its core activities are the production of a range of dairy based ingredients, supplied to the food and nutrition industry worldwide. Major application areas are dairy, ice cream, and bakery-applications, as well as sports and nutrition products, and infant formulas. The plant is GMP, Halal and Kosher Certified.
"One of our strategic pillars is international growth with specific dairy ingredients worldwide. The acquisition of Inovatech Argentina S.A. provides us with a stepping stone for further growth with dairy based ingredients", explains Justinus Sanders, CEO of Campina BV. "An important condition for implementing this strategy successfully is the availability of the right know-how and production capacity for the manufacture of ingredients. With the acquisition, we gain access to production capacity in a country that is well known for its efficient dairy industry infrastructure and therefore is considered an attractive source for dairy proteins worldwide. This makes the acquisition an extremely useful growth injection for our Industrial Products group."
"This acquisition will quite rightly boost DMV International's market position for ingredients in the (South-) American market", says Alexander Wessels, Managing Director of Campina's Industrial Products group. "That will give us an opportunity to develop and become stronger in a market that is becoming increasingly important for us. Following the acquisition, DMV International plans to further grow the business with a strong focus on value added ingredients for the food & nutrition industries worldwide. The Inovatech plant will complement the production facilities we have worldwide."
DMV International serves the food, nutrition and pharma industries worldwide and has its primary production locations in the Netherlands, Germany, Belgium and the USA. DMV International has in total 18 sales offices, supported by a global network of agents and distributors, and exports its products to almost 100 countries. Recently Campina and Fonterra announced a Joint Venture between DMV International and Lactose New Zealand to join forces in pharma ingredients.
Campina has informed the employees, the Central Works Council and trade organisations of the acquisition.
Campina is an international co-operative company active in the development, production, sale and distribution of dairy and dairy-related consumer products and advanced ingredients for the food and pharmaceutical industries. Campina has an annual turnover of around EUR 3.6 billion and some 6,800 employees. The company holds leading positions in the markets in which it operates, with consumer brands such as Campina, Landliebe and Mona. Campina's Industrial Products group operates on a global scale. This ingredients group, with the DMV International division, is a successful partner for the food and pharmaceutical industries, among others.