Groupe Lactalis completed the acquisition of Leerdammer from Bel for $700m.

Groupe Lactalis, a dairy products group, completed the acquisition of Leerdammer, a cheese brand, from Bel, a cheese brand owner, for $700m. “By acquiring Leerdammer and Shostka, we have now completed our offering with a range of food brands that consumers know and love. We want to turn the European Leerdammer brand into a global one by tapping into our worldwide reach. We are delighted to welcome new staff backed by their cheese-making pedigree into our Group,” Emmanuel Besnier, Groupe Lactalis Chairman.