FDBusiness.com

Italian dairy company Granarolo has strengthened its cheese business with the acquisition of Lat Bri for an undisclosed sum. With an annual turnover of about Eur150m, Lat Bri is the third biggest fresh cheese maker in Italy. The acquisition will double the scale of Granarolo’s cheese sales and increase its export business.

“The acquisition of Lat Bri is of strong strategic importance,” points out Gianpiero Calzolari, chairman of Granarolo. “It lays the foundation for further development in the dairy sector inItalyand makes Granarolo the second national operator in this sector. Abroad, we will develop synergies by taking products made inItalyto European consumers, especially in northernEurope, where Lat Bri has long had a widespread market presence.”

Granarolo currently operates five production facilities spread across Italy, employs 2,000 people and achieved a turnover of Eur884 million last year.