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New Deal


Announced

Newlat Food to acquire a majority stake in Centrale del Latte d'Italia for $131m.

Financials

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Transaction Value£101m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For99%
EV/Sales3.8x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Italy

dairy processing

Majority

dairy

Acquisition

Single Bidder

Food Products

Pending

Domestic

Friendly

dairy products

Public

Synopsis

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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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