Parmalat Strengthens Position in South America With €100 Million Acquisition
March 06
12:03
2017
Parmalat, through its subsidiary La Vaquita Holding, has acquired some companies in Chile that specialize in the cheese sector. The acquired companies include four production facilities with about 600 employees. The brand portfolio includes, amongst other, ‘La Vaquita’ and ‘Kümey’ brands.
In 2016, the acquired businesses generated net revenue of about €95 million. The enterprise value of the acquired businesses is about €100 million.
The acquisition strengthens Parmalat’s presence in South America by expanding geographically in a country where it operates through a licensing agreement. Parmalat is controlled by the Lactalis Group of France.
