Groupe Lactalis S.A. agreed to acquire Dairy Partners Americas Brasil Ltda. from Fonterra Co-operative Group Limited (NZSE:FCG) and Nestlé S.A. (SWX:NESN) for BRL 700 million on December 13, 2022. Currently, Fonterra holds a 51% stake and Nestlé 49% stake in Dairy Partners Americas Brasil. The deal is expected to be completed by mid-2023, subject to regulatory authority approvals from competition authorities. Demarest Advogados acted as legal advisor to Dairy Partners Americas do Brasil Ltda. As on July 25, 2023, CADE tribunal has blocked the sale of DPA Brasil. As of July 24, 2023, Brazilian antitrust body Cade approved Lactalis' acquisition of DPA Brasil.

Groupe Lactalis S.A. completed the acquisition of Dairy Partners Americas Brasil Ltda. from Fonterra Co-operative Group Limited (NZSE:FCG) and Nestlé S.A. (SWX:NESN) on November 1, 2023. The regulatory approvals have now been received.