Mjólkursamsalan

Mjólkursamsalan (Icelandic pronunciation: [ˈmjoul̥kʏrˌsamˌsaːlan], MS) is an Icelandic company that produces milk and other dairy products and is the largest company in the Icelandic dairy industry ^[1] MS is owned by two cooperatives, Auðhumla a cooperative of Icelandic dairy farmers^[2] and Kaupfélag Skagfirðinga a cooperative founded in 1889 in Sauðárkrókur.^[3]

Mjólkursamsalan (MS)

Founded	4 September 1927
Headquarters	Bitruhálsi 1, 110 Reykjavík
Net income	ISK 293 million (2010)
Website	www.ms.is

MS was formed in the 1990s to reduce cost of production.^[4][5] Its oldest constituent is Mjólkursamlag KEA, a dairy cooperative founded in 1927.^[6] It has about 90% share of the Icelandic milk market, and has an ongoing dispute with the Icelandic competition authority regarding a legal provision in a special law dealing with the dairy industry.^{[clarification needed][7][8]}