FDBusiness.com

Parmalat Expands Brazilian Business

 Breaking News

Parmalat Expands Brazilian Business

Parmalat Expands Brazilian Business
August 02
10:58 2013
Spread the love

Italian dairy group Parmalat, which is part of France-based Lactalis, has acquired Brazilian company Balkis Industria e Comercio de Laticinios (Balkis) to strengthen its gourmet cheese portfolio.

Headquarters in Sao Paulo, Balkis operates two production facilities in Santo Antonio do Aracangua and Juruaia. In 2012, Balkis reported net revenues of about 45 million reais (Eur16 million).

The Eur24 million acquisition has been conducted through Parmalat’s Lactalis do Brasil subsidiary.

Parmalat recently repored a 14% increase in net revenue to Eur2.59 billion for the first half of 2013, helped by strong performances in Australia and Latin America.

 

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements