Parmalat, the Lactalis-owned dairy company, has acquired a number of cheese companies in Chile for €100 million.
The acquisition, which is being completed through Parmalat’s subsidiary La Vaquita Holding, includes four production facilities with about 600 employees in total.
The brand portfolio includes, among others, the La Vaquita and Kümey brands.
Between them, the acquired companies generated revenue of about €95 million.
The Parma-headquartered company said that the deal would ‘strengthen its presence in South America’, allowing it to expand its business into a country where it currently only operates through a licensing agreement.
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.