Fonterra has continued its push towards global dominance by buying a stake in a Midwest cheese company.
DairiConcepts, a joint venture between Fonterra and Dairy Farmers of America, has bought the US hard Italian cheese business of co-operative Swiss Valley Farms (SVF).
The business was owned by SVF’s subsidiary Rochester Cheese and produces Italian cheeses for retail, foodservice and industrial customers.
Fonterra’s global ingredients and foodservices division managing director Andrei Mikhalevsky, also DairiConcept’s chairman, said the acquisition cemented the company’s spot as the number two player in the United States’ hard Italian cheese market.
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