Global Dairy Supplier Interfood Shifts Us Headquarters To Miami
By Scott Blake
Interfood — a global supplier, futures trader, market advisor and financial service provider for the dairy products industry — is moving its corporate headquarters for the US and South America to Miami’s financial district.
Based in the Netherlands, Interfood’s clients include internationally known commercial brands and foreign governments.
Interfood is in the process of closing its previous US headquarters in suburban Boston and moving to Miami. The company plans to close the Waltham, MA, office in June or July.
Meanwhile, Interfood already has transferred some staffers to the new office at 777 Brickell Ave. and plans to hire a few more here.
Interfood is consolidating its operations in the US and South America, and creating a "centralized hub point" in Miami to manage its Americas market
Interfood had considered relocating to Chicago, but decided Miami made more sense because it is "a natural central point" between North America and South America, Jason Medcalf, the firm’s managing director, told Miami Today.
"We will continue to maintain our offices in São Paulo (Brazil) and Montevideo (Uruguay)," Mr. Medcalf said. "However, a senior management team will oversee the America operation from Miami."
Interfood deals in milk powders, butter, cheese, dairy proteins, whey powders, dairy ingredients, liquid milk products and concentrates, and condensed and evaporated milk.
In addition to doing business with some household brand names in the food products industry, Interfood’s clients include government agencies in the Middle East and Africa, and in individual nations such as Mexico and Vietnam.
Foreign nations often tap Interfood to provide services for government food programs geared to the poor and needy, Mr. Medcalf said.
He said the company has "three pillars" of business:
nTrading: Informing and advising customers and business partners about developments in the commodities futures markets to help them make decisions in buying or selling dairy products.
nOperations: Delivering and handling supplies of dairy products for customers.
nFinancial services: Providing financing to customers for product purchases and other business needs.
In Miami, Interfood will have a staff of about 20 people, with plans to grow that number to 30 within two years. About 10 of those staffers are expected to be "new hires" from the Miami area.
Mr. Medcalf said some Interfood staffers in South America will be reassigned to the Miami office, as will members of the company’s US trade team.
With "a more cohesive team we will be able to improve on our response time both commercially and operationally in order to be able to better service our partner’s needs," he added.
Founded in 1970, Interfood is privately owned with about 215 employees and 15 offices spread around the world. Annual sales exceed $1.2 billion, said Mr. Medcalf, who reports directly to the firm’s board of directors.
The Miami-Dade Beacon Council, the county’s public-private economic development agency, assisted Interfood with site selection, employee relocation services, research and market analysis, and business contacts and referrals.
"We welcome this established multinational organization," Beacon Council CEO and President Frank Nero said in a statement. "This is another example of Miami-Dade County being the ideal location for international commerce."To read the entire issue of Miami Today online, subscribe to e -Miami Today, an exact digital replica of the printed edition.