The members of Austrian dairy co-op Berglandmilch have approved the company’s plans to merge with local rival Tirol Milch.
Berglandmilch’s farmer-members have given their backing to a plan to create a processor with annual sales of around EUR700m (US$954.3m).
Go deeper with GlobalData
Proposals for a merger between Berglandmilch, Austria’s largest dairy, and Tirol Milch, the country’s fourth largest, were announced in June.
Last week, Tirol Milch’s farmer-members also gave their backing to the plan. Austria’s competition watchdog will now scrutinise the companies’ plans.
