Company Overview of Arla Foods amba
Arla Foods amba produces and sells dairy products worldwide. It offers milk, cream, yoghurt, cheese, butter and spreads, proteins, milk powders, and beverages; and cooking products comprising soups, sauces, cooking fats, salad and cooking ingredients, and fermented cooking products. The company sells its products primarily under the Arla, Lurpak, and Castello brands. Arla Foods amba was founded in 1881 and is headquartered in Viby J, Denmark.
Viby J, 8260
Founded in 1881
Key Executives for Arla Foods amba
Chief Executive Officer, Member of Executive Board, Director and Chairman of Corporate Responsibility Committee
Executive Vice President of Global Categories & Operations
Chief Executive Officer of Arla Foods Ingredients
Vice Chief Executive Officer, Member of Executive Board and Director
Compensation as of Fiscal Year 2015.
Arla Foods amba Key Developments
Arla Foods and Lactalis Reaches Agreement Concerning the Future of their Common Joint Venture, Walhorn AG in Belgium
Jun 15 15
Arla Foods and Lactalis have reached an agreement concerning the future of their common joint venture, Walhorn AG in Belgium. Since the merger between Arla and Eupener Genossenschaftsmolkerei Walhorn (EGM Walhorn) in August 2014, Arla became the legal successor of the 49% ownership of the joint venture company Walhorn AG - with the French dairy company Lactalis owning 51% of the shares. Since then, Lactalis and Arla have engaged in a dialogue about the future of Walhorn AG, and an agreement has now been reached for Arla to sell its legal shares of Walhorn AG to Lactalis on June 30, 2015. The existing milk delivery agreement between both parties will continue with all rights and obligations until the end of June 2016. After expiry of the agreement Arla Foods and Lactalis will make another agreement in which Arla Foods takes the obligation to deliver 100 million kilogramm milk per year to Walhorn AG. Walhorn AG operates a dairy site in the East Belgian village of Walhorn near Eupen, producing primarily milk powder, various liquid milk products and cream.
Gold Frost Ltd. Announces Extension of Exclusive Distribution Arrangement with Arla Foods amba
Apr 27 15
G. Willi-Food International Ltd. announced that the Company's wholly owned subsidiary Gold Frost Ltd. has entered into an Exclusive Distribution Agreement with Arla Foods amba, with a term of five years commencing from the expiration in June 2015 of the current distribution agreement between the parties. Under the Agreement, Arla granted Goldfrost an exclusive and non-transferable right to import, export, market and distribute cheese and butter products manufactured by Arla in Israel. Goldfrost's exclusivity is subject to its purchase of certain minimum quotas of Arla products. In addition, Arla has the right to terminate the Agreement under certain circumstances, including in the case of the death or permanent incapacity of Mr. Zwi Williger or his ceasing to be involved in Goldfrost's business. The Agreement includes more cheese and butter products under distribution exclusivity than under the Original Agreement.
Arla Foods amba Announces Earnings Results for the Year Ended December 31, 2014
Feb 18 15
Arla Foods amba announced earnings results for the year ended December 31, 2014. For the year, the company's revenue was EUR 10,614 million against EUR 9,870 million a year ago. Profit for the period was EUR 320 million against EUR 300 million a year ago. Profit attributable to the owners of the company was EUR 314 million against EUR 295 million a year ago. Cash flow from operating activities was EUR 467 million against EUR 342 million a year ago. Net interest-bearing debt was EUR 2,547 million. Net interest-bearing debt increased by EUR 150 million leading to a leverage of 3.7.
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