/PRNewswire/ – Grupo LALA S.A.B. de C.V. a Mexican company focused on healthy and nutritious foods, announces that it has signed an agreement to acquire 100% of Productos Lácteos La Perfecta S.A. shares. As a result of this transaction, Grupo LALA expands its operations in Central America.
La Perfecta, a Nicaraguan company founded in 1959, manufactures and markets milk, dairy products and juice among the region. It operates a distribution network that reaches more than 25,000 points of sale in Nicaragua. La Perfecta has a portfolio of 8 brands and over 130 SKU´s. At the end of 2014, the Company’s annual sales exceeded 46 million dollars.
The transaction will be financed through LALA´s existing cash position.
Scot Rank, Grupo LALA´s CEO commented: “With this acquisition we have added new production and distribution infrastructure that provides increased scale and new capabilities, that will allow LALA to consolidate its’ presence in the region.”
The acquisition has been approved by the Grupo LALA´s Board of Directors and will be completed once the necessary regulatory authorizations are granted.
Just a few years ago, cultured meat (aka cultivated meat, lab-grown meat, cell-based meat) seemed as far away as flying cars. But today, like flying cars, meat grown outside of an animal may be a lot closer than we think.
The shift marks a new stage in the governance of Bel, allowing the company to continue implementing its strategy which focuses on three product families – dairy, plant-based and fruit.
Scientists in China and Germany have designed an artificial material mimicking chameleon skin to detect seafood freshness by changing color.