Parmalat Expands Brazilian Business
August 02
10:58
2013
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.
