Hoogeveen, 05 September 2019.
The DMK Group and Volac have announced that they will bring their successful joint participation in DV Nutrition to an end, subject to receiving relevant approvals. At that point, DV Nutrition’s assets will become wholly owned by the DMK Group and will continue to operate from the existing site at Hoogeveen (Netherlands). DV Nutrition is a joint venture between DOC Kaas (part of DMK Group) and Volac and has been producing whey protein and lactose-based ingredients since 2004.
Volac and the DMK Group continue to enjoy an excellent working relationship. However, the decision announced today reflects the fact that both partners wish to develop their businesses in different directions. Separation of activities will enable clear and focused strategies for the future to be implemented for both Volac and the DMK Group, aimed at delivering the best interests of their respective businesses, stakeholders and shareholders.
DMK has defined clear roles for its business as defined in its “Vision 2030” which positions its business areas for the future. As part of the realignment, the DMK Group will focus on value creation and will take a very market-oriented approach. DMK intends to invest in growth areas in the years to come including infrastructure, M&A activity, R&D partnerships, marketing, sales and distribution.
As of January 1st 2020, subject to prior competition clearance, the DMK Group is expected to acquire all the shares in the joint venture which will then be located in the business unit ‘Industry’ within the DMK Group. It has been agreed not to disclose any information with respect to the purchase price. No redundancies are expected as a result of the change in ownership.
As part of the joint venture, Volac has been responsible for the sales and marketing of all products manufactured by DV Nutrition. Volac will continue to supply protein products sourced from the DV Nutrition factory to its sport and active nutrition customers for the foreseeable future after which new customer supply arrangements will have been put in place by Volac. The intention is that permeate products manufactured by DV Nutrition will be supplied directly to customers in the future by the DMK Group.
About the DMK Group
With around 7,700 employees at more than 20 locations in Germany, the Netherlands and other international hubs, Germany’s largest dairy cooperative processes milk into food of the highest quality. The product portfolio ranges from cheese, dairy products and ingredients to baby food, ice cream and health products. Brands such as MILRAM, Oldenburger, Uniekaas, Alete and Humana have earned the trust of consumers at home and abroad, making the company an established player in its home markets and selected target markets around the globe. As one of the largest suppliers to the German food retail industry with a total revenue of 5.6 billion euros, DMK Group is one of Europe’s leading dairy companies.
For editorial enquiries:
Head of Corporate Affairs
Volac International Ltd.
Global Head of Corporate Communications
DMK Deutsches Milchkontor GmbH
Phone: +49 421 243-2310