European dairy cooperative Arla Foods has agreed to acquire Mondelez International 's dairy cheese business , operating under the Kraft brand , in the Middle East . Arla chairman Peder Tuborgh said the deal was a gamechanger and " an excellent strategic fit " for the dairy company , as it included a state - of - the - art production site in Manama , Bahrain , as well as the chance to expand the company 's presence in the region 's cheese market . The Middle ##lands and North Africa ( MENA ) is a key geographic region for the cooperative 's Good Growth marketing strategy . The acquisition is set to complete in May 2019 .
European dairy cooperative Arla Foods has agreed to acquire Mondelez International's processed cheese business, operating under the Kraft brand, in the Middle East. Arla CEO Peder Tuborgh said the deal was a gamechanger and "an excellent strategic fit" for the dairy company, as it included a state-of-the-art production site in Manama, Bahrain, as well as the chance to expand the company's presence in the region's cheese sector. The Middle East and North Africa (MENA) is a key geographic region for the cooperative's Good Growth 2020 strategy. The acquisition is set to complete in May 2019.