FDBusiness.com

Parmalat has completed its US$700 million acquisition of Elebat Alimentos, the dairy business of Brazilian food group BRF. The acquisition comprises of 11 production facilities in Brazil and several brands, including Batavo, Elegé, Cotochés, Santa Rosa and DoBon. The proforma revenues of BRF’s dairy division amounted to about R2.7 billion (Eur865 million) in 2014.

Parmalat, which is listed on the Italian Stock Exchange, has been controlled by the Lactalis Group of France since July 15, 2011. Employing more than 16,000 people, Parmalat operates facilities in Europe, the Americas, Africa and Australia. The Italian dairy and fruit beverages group is present in 33 countries and has 73 factories. Parmalat generated revenues of about Eur5.6 billion in 2014.