Announced
Financials
Tags
Italy
dairy processing
Majority
dairy
Acquisition
Single Bidder
Food Products
Pending
Domestic
Friendly
dairy products
Public
Synopsis
Newlat Food, a food production company, agreed to acquire a majority stake in Centrale del Latte d'Italia, a dairy products producer for $131m. The transaction is aimed at consolidating the Italian dairy market, through the integration of two of the main operators in the sector, such as Newlat Food and CLI, which hold important and complementary elements such as geographical positioning, as well as significant synergistic potential.
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