FrieslandCampina is setting up a joint venture with Arabian Food Industries that will export cheese products from Egypt and sell them in Africa and the Middle East. With a 51% interest, FrieslandCampina will just have a majority in the joint venture.
Dustin Woodward, managing director of FrieslandCampina Consumer Dairy Africa, is very enthusiastic about the collaboration. “By combining our collective expertise, capabilities and activities, we can feed more African families than ever before. In the coming years, we will bring surprising innovations that will create new cheese products that are healthier, more affordable and accessible to consumers across Africa and the Middle East."
Arabian Food Industries
Arabian Food Industries is one of the largest Egyptian cheese producers, with the leading cheese brand Domty. The company was founded in 1989 and has a turnover of more than €100 million. Mohamed Damaty, deputy CEO of the company, says the following about the partnership: "We believe that our products are a good fit for the African market and the cooperation with FrieslandCampina will help us enormously with this. We are optimistic about the company and the possibilities for growth in the future."
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