Idilia Foods completed the acquisition of a 50% stake in Cacaolat from Damm.

Idilia Foods, a food business group, completed the acquisition of a 50% stake in Cacaolat, a first bottled milkshake, from Damm, a Spanish brewery. Financial terms were not disclosed. In this way, Cacaolat will join its already leading and iconic brands – Cacaolat, Letona and Laccao – with the management, marketing and distribution of the milkshake brands ColaCao Energy, ColaCao Shake and Okey. This will allow to continue promoting the development of the milkshake category and the presence of these brands in the national and international market.