VITALUS NUTRITION INC AND FRIESLANDCAMPINA ANNOUNCEMENT
ABBOTSFORD, BC, October 1, 2009 - Vitalus Nutrition Inc. and FrieslandCampina announced today that they have agreed to dissolve their joint venture DMV-Vitalus Ingredients N.V., effective October 1, 2009. This transition will allow each company to focus on its existing businesses and pursue its respective core industry expertise. Vitalus and FrieslandCampina expect the dissolution to be completed in an orderly fashion, subject to satisfactory customary closing conditions.
Over the past several months, Vitalus and FrieslandCampina have reassessed the joint venture arrangement and reached the decision that carrying on as separate businesses was the best course of action for both parties and their customers. Vitalus will take over all the current activities of DMV-Vitalus Ingredients N.V. per October 1, 2009. Vitalus and FrieslandCampina are committed to a smooth, seamless transition for all customers and vendors.
About Vitalus Nutrition Inc.
Vitalus Nutrition is part of the Vanderpol Group of Companies, a 50+ year old company with deeps roots in the Lower Mainland area of British Columbia. Vitalus is a major processor and marketer of specialty dairy products, whose primary market focus is whey protein concentrates (WPC) and milk protein concentrates (MPC). Using state of the art equipment and ultra filtration, Vitalus is able to produce and market exceptional products worldwide.
About FrieslandCampina
Royal FrieslandCampina is a multinational dairy company that produces and markets natural, nutritious and high-quality dairy products and ingredients. Taste, health, convenience and reliability are key characteristics. Based on the figures of 2008 FrieslandCampina’s annual revenue will amount to 9.5 billion euros. The company will employ 21,000 people and has about 100 production and sales locations in 25 different countries.
FrieslandCampina organised its activities in a structure comprising four business groups: Consumer Products Europe, Consumer Products International, Cheese & Butter and Ingredients. The product range consists of consumer milk, milk in powder and concentrated form, dairy drinks, yoghurts, desserts, cream, coffee creamers, baby and infant food, cheese, butter and ingredients. The business is based on a cooperative model. The 16,000 member dairy farmers of Zuivelcoöperatie FrieslandCampina are the owners and the suppliers of the milk.