Dairy group Arla Foods and packaging firm Constantia Packaging are looking to sell off their joint venture on the Danish market to focus on their core businesses.
An Arla spokesperson told DairyReporter that the venture, Danapak Flexibles, "is planned to be disposed of" because neither owner viewed it as their core business.
The comments come after Constantia Packaging, which has a controlling 60 per cent stake in Danapak, announced it had begun a strategic review of the group.
For Arla, a sale would allow it to increase resources in its dairy business, which has made inroads in several international markets from the US to the Far East over the last year.
Both firms have used Danapak to supply flexible packaging for dairy, food and pharmaceutical industries in Denmark over the last five years.
"We are looking into opportunities to sell it, but this will only be done if we can find a strong new owner who could develop the business in the future," said the Arla spokesperson.
Constantia, which supplies aluminium, plastic and corrugated cardboard to food firms around the world, was more candid in its statement this week.
It said both it and Arla were "examining all the options available with regard to the enterprise's future form and shareholding structure".