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

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.