NETHERLANDS – UK-based dairy company, Millbrook Dairy Company has launched a new subsidiary company as a plan for its footprint in the European market after achieving phenomenal growth.
Based in the Netherlands, Millbrook Dairy Europe BV will allow the business to expand its cheese and butter products into new territories across Europe.
Rik Hanssen has been appointed as the new managing director of Millbrook Dairy Europe BV, the subsidiary company of Millbrook Dairy company.
“As the managing director of our first subsidiary I feel privileged with the trust invested in me and am very much looking forward to forging new relationships, seeking new opportunities, and growing the Millbrook Dairy business further,” Hanssen said.
Kevin Beer, the co-founder of Millbrook Dairy Company, pointed out that their markets are continually growing across Europe, and this is the natural progression for business as Millbrook company continues to see demand for dairy products increase.
Millbrook Dairy, which was founded in 2019, reported impressive inaugural turnover growth of 30% taking turnover beyond £20 million despite Covid-19 related restrictions.
The company supplies a diverse range of British and Irish cheese and butter to growing home markets as well as an international customer base in the USA, China, Canada, and South America and a European customer and supply base including the Netherlands.
This expansion follows its own launch of a product label ‘1057’ Scottish Extra Mature Cheddar launched into North American and UK markets to meet an uplift in demand for British products.
Europe’s importation of dairy products from the US skyrocketed since it has become more expensive to produce around the world, especially in Europe.
Drought and the Russo-Ukrainian war have made the cost of animal feeds rise resulting to a dwindling supply of milk leading to reduced production of dairy products in Europe.
Europe imported 306 metric tons of cheese from the U.S. in February, more than three times as much as the average for the month over the last five years, according to trade data from the U.S. Census Bureau.
The Netherlands topped the list of the biggest importers ,offering Millbrook Company potential market to thrive.
“We are still hearing stories about international customers reaching out to cheese and butter companies ‘for the first time’ — an outcome of tight milk supplies in Oceania and Europe,” Matt Gould, Dairy Market Analyst, noted.
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