PARMALAT SPA Milan, March 1, 2017 - Parmalat S.p.A. announces that its La Vaquita Holding S.p.A. subsidiary acquired today some companies that operate in Chile and are specialized in the cheese sector.
With this transaction, the Parmalat Group strengthens its presence in South America, expanding geographically in a country where it operates through a licensing agreement.
The acquired companies include four production facilities with about 600 employees. The brand portfolio includes, amongst other, "La Vaquita" and "Kümey" brands.
In 2016, the acquired companies generated net revenue of about 95 million euros.
The enterprise value of the acquired businesses was set at about 100 million euros and the acquisition has been fully financed by the Group with its own resources.
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