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Lactalis Closes in on Swedish Acquisition

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Lactalis Closes in on Swedish Acquisition

Lactalis Closes in on Swedish Acquisition
January 11
12:43 2012
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The board of Swedish dairy co-operative Skanemejerier has agreed to pursue sale talks with Lactalis. Approval was required to change Skanemejerier’s co-operative status. The acquisition of Skanemejerier, which has annual sales of Eur330 million, will strengthen the international presence of Lactalis.

The French family-owned dairy company acquired Parmalat of Italy last year to increase its sales to almost Eur15 billion. Lactalis and Skanemejerier expect to a finalise a deal by the end of February.

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