Fonterra launches whey protein venture with UK-based First Milk
New Zealand-based milk producer Fonterra and UK-based First Milk today announced a joint venture to produce “premium” whey proteins for Fonterra’s growing food ingredients business in Europe.
The two dairy farmer co-operatives will combine their intellectual property to develop dairy protein streams at First Milk’s Lake District creamery in Cumbria, England.
Fonterra Europe’s Managing Director, Koert Liekelema said the venture is the first step in realising its goal of local European sourcing to meet the nutrition ingredient demand of European customers.
Mr Liekelema said, “This deal underpins Fonterra’s strategic focus on premium dairy ingredients. Furthermore, we are very pleased to be working with First Milk, enabling Fonterra to offer customised, premium whey protein ingredients to the major food and beverages companies in Europe.”
Kate Allum, chief executive of First Milk commented, “While this is our first step into added value whey markets, it builds on the work we have done recently with a range of partners across the supply chain to deliver pioneering solutions.”
The premium whey proteins from First Milk Lake District creamery will be applied in Fonterra’s functional and cultured nutrition ingredients like PowerProtein™ and ElevateProtein™, based on Whey Protein 80% ingredients (WPC80).
The Fonterra Co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products each year.