Lactalis exits Argentina

Plant sold taken over with acquisition of Mexican Dairy Partners

French dairy giant Lactalis has sold its latest Argentine plant to a local operator for an undisclosed sum. "This Argentine site was part of a larger acquisition made in Mexico," a company spokesperson stressed.

The divestment comes after Lactalis, in December 2022, acquired Dairy Partners America, the Brazilian joint venture of Fonterra and Nestlé, paid about $133 million (see EFA News titled Lactalis buys Dairy Partners America and expands in Brazil).

In 2021, according to Rabobank's annual Global Dairy Top 20, Lactalis surpassed Nestlé as the world's largest dairy producer and is the second largest food producer in France, after Danone

fc - 30063
Roma, RM, Italia, 03/16/2023 14:13
EFA News - European Food Agency

Similar

Economy and financeNestlé increasingly supporting employees

For the fifth consecutive year, the group is ranked among the "World's Best Employers"

For the fifth year in a row, Nestlé was named one of the "World's Best Employers" by Forbes, consistently improving its placement each year in both global and category rankings. The list is based on input... more

Economy and financeTrump, Pimco confirms fears about the policy of duties

China under pressure: "investigations" begin for other tariffs

Donald Trump has won his second (and last) mandate to the White House, and this time, the Republicans have managed to win a majority in both the Senate and the House, situation that will allow the new... more

Economy and financeEViso first quarter closed with strong growth

July to september revenues +67%: Smartmele platform delivered 159 tons of fresh apples

EViso, a company listed on the Euronext Growth Milan market and owner of an artificial intelligence infrastructure operating in the raw materials sector (electricity, gas, apples), announced the main figures... more

◄ Previous page