NÖM AG takes over Vorarlberg Milk: Future for Feldkirch secured!

NÖM AG takes over Vorarlberg Milk: Future for Feldkirch secured!

Feldkirch, Österreich - The NÖM AG, an important player in the dairy industry, has made an important decision today by taking over the Vorarlberg milk. This measure takes place in the course of the economic difficulties of Vorarlberg Milk, which recently achieved sales of around 56 million euros, but recorded a loss of 3.3 million euros. The cooperative of the Vorarlberg Milch voted with an overwhelming majority of 96.5 % for cooperation.

According to information from Leadersnet is preserved in Feldkirch, and the well-known brand "Ländle Milch" will also be continued. As part of the takeover, Feldkirch is expanded into a competence center for hard and cut cheese. NÖM board member Josef Simon is convinced that everyone involved will benefit from this cooperation.

Details for takeover

A central element of the takeover is the integration of the Vorarlberg Milk into NÖM AG. The Vorarlberg Milk is preserved 3 % of the shares in NÖM AG and a seat on the Supervisory Board, which is a new partnership between the two companies. The production site in Feldkirch is transferred to the newly founded Vorarlberg Milch GmbH, which is operated operatively into NÖM AG. These measures are part of a comprehensive strategy that also provides for additional investments in infrastructure and production volume.

The processing capacity in Vorarlberg is to be expanded according to Wirtschaft Nachrichten . Lower Austria also wants to use the Feldkirch location as a bridgehead for the Italy sales market. However, the approval of the federal competition authority is still pending before the takeover can come into force.

effects on farmers

For farmers, this agreement will also have a positive effect on the milk price. In the course of the takeover, an increase in the milk price for genetic engineering -free milk is realized by 5 cents. This could be a welcome relief for many farmers in the region.

The long -time managing director of Vorarlberg Milch, Raimund Wachter, will leave the company after completing the transaction to accompany the transition and ensure that all steps of integration run smoothly. According to NÖM, this is an important phase to secure and expand the future of the company and its partners.