FrieslandCampina to sell dairy division to DSM

FrieslandCampina has sold its majority interest in CSK Food to chemical group DSM. The deal is worth a total of €150 million.

DSM is acquiring all shares in CSK Food, a company that produces ingredients for dairy products. FrieslandCampina owned 82,3% of these shares. The other shareholders have also been bought out. CSK Food's products are incorporated in many products, and they mainly determine taste and texture. "Almost all Dutch cheeses contain these ingredients," FrieslandCampina writes in a press release.  

Appointments made
It had been known for a while that CSK Food was in the shop window. The company was looking for a new partner to accelerate the company's growth. It has now been found in DSM. The dairy cooperative writes that it is pleased that CSK Food can continue to develop under the wings of DSM. Agreements have been made about a continuation of the relationship and the future availability of 'Dutch heritage starters'.

CSK Food has locations in the Netherlands in Leeuwarden and Wageningen and is active in Europe and North America. About 180 employees work there and the annual turnover is €65 million.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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