FDBusiness.com

Parmalat Group Expands in the US

 Breaking News
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...
  • Nestlé Launches New KitKat Gold in the UK Nestlé has unveiled a unique addition to its biggest confectionery brand – the new KitKat Gold. KitKat Gold is a combination of trademark crispy wafer on a smooth milk chocolate...
  • 789 Food and Drink Acquisitions in 2019 2019 broke records again for the number of food and drink transactions around the world, with 789 registered on the Zenith Global mergers and acquisitions database, an average of 15...

Parmalat Group Expands in the US

Parmalat Group Expands in the US
May 04
09:45 2017

Parmalat Group, the global milk, dairy products and fruit beverages producer, has acquired two companies operating in the dairy sector in the United States of America. The deal provides Parmalat Group with an important business active in the ethnic specialties segment in the US, increasing its current portfolio of gourmet cheeses and entry to the yogurt market. The enterprise value of the acquired business is about $130 million.

The acquisition includes a production facility in Turlock, California and two companies with approximately 140 employees. The brand portfolio includes, among the main trademarks, the “Karoun”, “Gopi” and “Blue Isle” brands. In 2016, the two companies had net revenue of about $55 million.

Parmalat Group, which is listed on the Italian Stock Exchange, has been controlled by the Lactalis Group of France since 2011.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements