15/09/2025

FrieslandCampina and Milcobel present merger proposal

On September 4, the two dairy cooperatives FrieslandCampina and Milcobel released the final merger proposal, following the initial announcement in December 2024.

According to a joint press release, the publication marks a key milestone in the process of merging the Dutch and Belgian cooperatives.

The proposal outlines the legal, financial, and operational framework. The aim of the merger is to create a future-proof organization that secures stable income for dairy farmers, attractive conditions for employees, and high-quality products for customers and consumers. By joining forces, the companies expect to gain greater scale and capacity to invest in productivity, innovation, and sustainability.

FrieslandCampina chairman Sybren Attema emphasized that the merger will strengthen market power while allowing members to retain ownership and control:
Our strategy remains to maximize the value of all member milk, so that we can continue to pay a leading milk price.

At Milcobel, chairwoman Betty Eeckhaut highlighted that the merger is a step toward greater security and strength in a competitive market:
– The merger reinforces our position and creates new growth opportunities, while staying true to cooperative principles.

In the coming months, the proposal will be discussed with members before being put to a vote on December 16, 2025. Adoption requires a two-thirds majority at FrieslandCampina and a three-quarters majority at Milcobel. The merger is also subject to approval by competition authorities.

Combined figures for Milcobel and FrieslandCampina:

  • 16.000 member dairy farmers
  • Established in 30 countries
  • Export to more than 100 countries
  • Approx 10 billion kilos member milk
  • Approx 14 billion euros in revenue

Read the full merger proposal HERE.

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