Arla completed the acquisition of Cheese business of Mondelez for $158m.

Arla, a Danish dairy firm, completed the acquisition of Middle East cheese business of Mondelez for $158m. The deal includes a production site in Bahrain with capacity to produce 66k tonnes of processed cheese per year. “We have an established and growing business in the Middle East and know our consumers and customers well in this part of the world. As such, this deal is an excellent strategic fit for us as it enables us to both expand our branded presence in the cheese category and secure the local production capacity we have been looking for to continue to grow our business.” Tim Ørting Jørgensen, Arla Foods’ International business Executive Vice President.