Lactalis Closes in on Swedish Acquisition
January 11
12:43
2012
The board of Swedish dairy co-operative Skanemejerier has agreed to pursue sale talks with Lactalis. Approval was required to change Skanemejerier’s co-operative status. The acquisition of Skanemejerier, which has annual sales of Eur330 million, will strengthen the international presence of Lactalis.
The French family-owned dairy company acquired Parmalat of Italy last year to increase its sales to almost Eur15 billion. Lactalis and Skanemejerier expect to a finalise a deal by the end of February.
