Sector News

Lactalis completes acquisition of Brazilian dairy company Itambé

July 16, 2019
Food & Drink

Lactalis do Brasil, a subsidiary of Groupe Lactalis, has announced the closing of its acquisition of Brazilian dairy company Itambé.

Founded in the state of Minas Gerais 70 years ago, Itambé Alimentos transforms 3 million litres of milk a day to produce a range of more than 160 dairy products.

With 7,000 suppliers and 3,600 employees, Itambé is one of the largest dairy players in Brazil. The firm has five production facilities: four in Minas Gerais and one Goiânia.

Lactalis entered the Brazilian market in 2013 with the acquisition of Balkis. In 2015, it expanded its operations with two further acquisitions.

Lactalis do Brazil has 5,000 employees and 14 production facilities in eight states. The company offers dairy products under brands such as Batavo, Président, Elegê, Cotochés, Poços de Caldas and Parmalat.

Lactalis said it will now be able to process 2.3 billion litres of milk a year in Brazil.

The announcement comes days after the company completed the acquisition of Ehrmann Commonwealth Dairy, the US yogurt business of Germany-based dairy company Ehrmann.

Earlier this year, Lactalis acquired Italian cheesemaker Nuova Castelli from private equity firm Charterhouse Capital Partners.

France-headquartered Lactalis has an annual turnover of around €18.5 billion, with cheese making up a third of its business.

Source: FoodBev

comments closed

Related News

January 15, 2022

DSM forges F&B business group integrating taste, texture and health know-how

Food & Drink

Health and nutrition giant DSM is showcasing a new integrated F&B operating structure that unifies food specialties, hydrocolloids and nutritional products. Positioned as a business group, it will harness the gamut of taste, texture and health solutions to manufacturers in the F&B sector.

January 15, 2022

Keeping food transparent: F&B suppliers talk eliminating bias and the pitfalls of eco-labeling

Food & Drink

FoodIngredientsFirst speaks to key suppliers Corbion, Agrana Fruit and Kerry to discuss what core strategies are helping keep food businesses up-to-speed with their environmental reporting while remaining bias-free.

January 15, 2022

Titanium dioxide EU ban comes into force, companies have six months to adjust

Food & Drink

France banned the use of the additive in 2020, leading companies such as Lonza to launch Vcaps Plus White Opal, its first commercially-available titanium dioxide-free semi-opaque capsule for food supplements. The move followed several lobby groups urging the European Commission to prohibit TiO2.

Send this to a friend