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Danish dairy Arla Foods has agreed to merge with German rival DMK.

Why it matters: This would create Europe's largest dairy cooperative, with more than 12,000 farmers and combined annual revenue of around €19 billion.

It also comes as the U.S. is expected to impose 20% tariffs on EU dairy imports, while the EU for now has removed dairy from its list of proposed tariffs on U.S. imports.

The bottom line: The companies said that the deal will provide "resilience ... despite the anticipated decline" in European milk production.

European dairies agree to mega-merger

This creates Europe's largest dairy cooperative, with tariffs and supply troubles ahead.

Illustration of a dairy cow with an exclamation point pattern on it's nose 

Dealmaking

Danish dairy Arla Foods has agreed to merge with German rival DMK.Why it matters: This would create Europe&#x27;s largest dairy cooperative, with more than 12,000 farmers and combined annual revenue of around €19 billion.

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European dairies agree to mega-merger

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