Brasil Foods, Carbery form whey processing j.v.
SAO PAULO, BRAZIL — Brasil Foods S.A. and Group Carbery have formed a 50/50 whey processing joint venture. The companies said they are investing $50 million in the effort, which will use Carbery’s technology to process whey generated at Brasil Foods cheese manufacturing facilities. The venture is aligned with Brasil Foods’ strategic objective to be a leading player in the Brazilian cheese market.
The joint venture will house a manufacturing plant to produce added value nutritional ingredients sourced from whey, a byproduct from cheese manufacturing. Construction of the processing facility is expected to begin immediately and will be commissioned in 2014.
Carbery employs more than 500 people globally with 200 in Ireland and is a leading player in the manufacture of whey- based ingredients internationally.