/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.
Source; LALA
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.
