Belgian Milcobel has decided that the primary activity next to the classic dairy products will be the ingredient business. Therefore, the cooperative is now selling the subsidiary YSCO, which is Europe’s second largest producer of ice cream as a private label. The buyer is the hedge fund company Davidson Kempner Capital Management (DKCM) with food and pharma investor Afendis Capital Management Limited as operating partner. The sale price has not been given.

The sale takes place in order to focus more sharply on the development of the cheese company and the ingredients division, writes Milcobel.

See more on Milcobel’s website HERE

Photo: Milcobel