Arla buys AFISA shares from SanCor

Arla Foods Ingredients has confirmed it has agreed to acquire the shares in Arla Foods Ingredients S.A (AFISA) currently owned by SanCor to support the company’s ambition for market growth in South America.

At a meeting last month, members of the Argentinian dairy cooperative SanCor agreed to sell their 50% stake in AFISA as part of their plan to restructure SanCor. 

Henrik Andersen, senior vice president of Arla Foods Ingredients, said the company appreciated the collaboration with SanCor for the last 17 years.

“For Arla Foods Ingredients this is a unique opportunity for continued strategic growth in our whey business in general and specifically in South America; and AFISA will become a significant element in Arla Foods Ingredients’ global supply chain,” Andersen said.

AFISA was founded in 2001 and was jointly owned by Arla Foods Ingredients and SanCor. At its site in the Argentinian province of Cordoba, AFISA processes approximately 900m kilos of whey every year, which makes it the largest whey processor in Argentina and the South American trade bloc, Mercosur.

Further terms and conditions of the transaction were not disclosed.