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 BRF to Sell Dairy Assets to Lactalis’s Parmalat For $805 Million  

Brazilian food company BRF has announced its agreement to sell its dairy units to Lactalis’s Parmalat for $108 million, making the firm the second-largest dairy company in Brazil.


The deal comes six months after Brasil Foods announced it was selling its dairy division, with the auction reportedly attracting interest from 14 suitors, including France's Danone, Swiss-based Nestle and Grupo Lala, Mexico's top milk processor.


For Parmalat, the purchase of Brasil Foods assets including 11 dairy plants and a host of brands follows the announcement last month that a $110m offer for the UHT milk and cheese operations of Lacteos deo Brasil, which filed for bankruptcy protection last year.

 


Posted on Thursday, September 25, 2014 (Archive on Thursday, October 02, 2014)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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