Perth, Nov 10: Dutch Lady Milk Industries has agreed to buy a 35% stake in Johor-based fresh milk producer Jemaluang Dairy Valley, in a move to grow its presence in Malaysia’s fresh milk market.
The stake is being bought from Kulim (Malaysia) Berhad, a wholly-owned subsidiary of Johor’s state investment arm, Johor Corporation (JCorp). The price was not disclosed.
Once the deal is completed, Dutch Lady will become a shareholder alongside Kulim and A2 Fresh Holdings, a subsidiary of Rhone Ma Holdings. Completion is still subject to conditions, including third-party approvals.
Jemaluang Dairy Valley is an integrated dairy business covering both dairy farming and fresh milk production. It will continue under its current management.
Dutch Lady, part of global dairy cooperative FrieslandCampina, said the investment would also support Malaysia’s efforts to strengthen local fresh milk production and food security.
“For more than 60 years, Dutch Lady Malaysia has grown alongside Malaysia, nourishing generations with quality dairy nutrition. As consumer preferences continue to evolve, we see opportunities to build on this legacy and further strengthen our relevance in the Malaysian market,” said Dutch Lady Malaysia managing director Veronika Utami.
JCorp president and chief executive Datuk Syed Mohamed Syed Ibrahim said the partnership would help the dairy business reach its potential.
“A competitive dairy industry needs strong local production, industry expertise, reliable operations and market access across its value chain,” he said.
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