Parmalat to Become Second Largest Dairy Company in Brazil
September 09
12:29
2014
Parmalat is acquiring the dairy business of Brazilian food group BRF for R$1.8 billion (Eur610 million). Incorporating 11 plants, BRF’s dairy division had 2013 pro forma revenues of R$2.6 billion (Eur880 million).
The transaction is subject to approval of the regulatory authorities. Parmalat only recently acquired the UHT milk and cheese manufacturing facilities along with certain brands of Brazilian dairy business Lácteos do Brasil for R$250 million (Eur83 million).
