This move comes after New Zealand-based Fonterra announced that it would explore full or partial divestment options for ‘some or all’ of its global consumer business.
The merger aims to strengthen the competitive position of both cooperatives in a challenging global market.
The financial terms of the deal have not been disclosed.
This strategic acquisition aligns with Almarai’s growth strategy to expand its beverage portfolio.
The acquisition underscores Sartori’s commitment to high-quality cheese-making and its dedication to supporting local family farms.