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Veris Investments, FrieslandCampina Invest in Holland Dairy Ethiopia

18 May 2018

ETHIOPIA - Veris Investments and Royal FrieslandCampina have joined forces by investing in Holland Dairy PLC in Ethiopia.

Holland Dairy PLC produces yoghurt, pasteurised milk and other dairy products in its milk processing plant in Debre Zeit, about 40 kilometres south of the Ethiopian capital of Addis Ababa.

The company already holds a strong market presence in the Ethiopian dairy market, particularly in yoghurt products.

By investing in supply chain, production and market development, Veris and FrieslandCampina aim to enhance and extend this market presence.

FrieslandCampina already exports UHT under Dutch Lady brand and milk powder under Coast brand to Ethiopia. This minority investment will enable the company to strengthen its current export position.

TheCattleSite News Desk

Top image via Shutterstock



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