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.
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.