Dutch Lady Milk Industries Berhad (Dutch Lady Malaysia), part of FrieslandCampina, today announced that it has agreed to acquire a 35% equity interest in Jemaluang Dairy Valley Sdn Bhd (JDV), a Johor-based integrated dairy business, from Kulim (Malaysia) Berhad (Kulim).
Upon completion, Dutch Lady Malaysia will join Kulim, a wholly-owned subsidiary of Johor Corporation (JCorp) and A2 Fresh Holdings Sdn Bhd (“A2F”), a subsidiary of Rhone Ma Holdings Berhad, as a shareholder of JDV, establishing a strategic partnership among the three shareholders to support JDV’s continued development.
Completion of the proposed acquisition remains subject to the fulfilment of the applicable conditions under the Share Sale Agreement, including obtaining third-party approvals. The proposed investment marks an important step in Dutch Lady Malaysia’s long-term growth strategy, strengthening its participation in Malaysia’s growing fresh milk segment while reinforcing its long-standing commitment to Malaysia’s dairy industry.
The partnership brings together JDV’s established capabilities in dairy farming and fresh milk production, Dutch Lady Malaysia’s deep understanding of Malaysian consumers, trusted brands and commercial capabilities and FrieslandCampina’s global dairy knowledge and expertise.
Together, these complementary strengths provide a strong foundation for long-term collaboration. The proposed investment is also intended to support the continued development of Malaysia’s dairy sector and contribute to the country’s broader ambitions of strengthening domestic fresh milk capabilities and enhancing food security.
Veronika Utami, Managing Director of Dutch Lady Malaysia, said, “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.”
