M & A

Lactalis buys additional Parmalat shares

“We have an ambitious growth plan for Parmalat, making it the Italian company of reference in the dairy market,” said Emmanuel Besnier, Lactalis chairman

Group Lactalis offered to buy additional shares of Parmalat SpA, in an unsolicited bid for the 86,97 percent of the Company that it does already own. The aim is to create the world’s largest dairy company, definitely. The Parmalat Group is a global player in the production and distribution of foods that are essential for everyday wellness: milk, dairy products (yogurt, cream based sauces, desserts and cheese) and fruit beverages, which generated revenues of more than 6, 4 billion euros in 2015.  Therefore recently, throughout  its operative branch Sofil, the French diary group has  bought an additional 139,711 shares in Italian food group Parmalat. “Consequently, the Shareholders’ percentge is equal to 86.97% of the current share capital,” Parmalat said in a press release. Lactalis is 100% owned by the Besnier family.

PARMALAT IN NUMBERS – Parmalat S.p.A., which is listed on the Italian Stock Exchange, is already controlled by the Lactalis Group. More than 27,000 people work at Parmalat’s  facilities in Europe, the Americas, Africa and Australia. The Group has a direct present in 24 countries and has 92 factories. The Italian diary company has a strong tradition of innovation and develops products with a high value added to improve the diet of its customers. The global brands of the Group are Parmalat for milk and dairy products and Santàl for fruit beverages. Zymil and Vaalia are international brands dedicated to functional products with a high value added. Among other local brands that play a key role in their respective markets, the most important include: Beatrice, Lactantia, Black Diamond and Astro in Canada; Pauls, Ice Break, Oak, Breaka and Harvey Fresh in Australia; Sorrento in the United States of America.

Parmalat in numbers_Italianfoodnet

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