Royal FrieslandCampina gives up acquisition of Imlek

Royal FrieslandCampina has given up the acquisition of Imlek, Serbia's largest dairy company.

On 2 February 2012 Royal FrieslandCampina and Danube Foods Group, owned by Salford Capital Partners, announced that they had signed a Memorandum of Understanding regarding Royal FrieslandCampina’s intended acquisition of Imlek and Mlekara Subotica, two dairy companies in the Western Balkans. However, the parties were unable to reach agreement on the terms of the transaction and have therefore agreed to end the talks.

Danube Foods Group, owner of Imlek, Mlekara Subotica, Bambi Banat and Knjaz Milos, is considering the possibility of further consolidation of foods and beverage industry with Imlek as the anchor of further integration.

Royal FrieslandCampina will continue searching for opportunities to enable the company to achieve its route2020 strategy, which is designed to result in sustainable growth.