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.
Schumacher will replace Alan Jope, who announced his decision to retire last September, 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.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.