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2017-12-06   12:18:25   INGLÉS
Lala sells 50 percent of Brazilian Itambé

Mexico, Dec. 6 (Notimex).- Dairy producer Lala concreted the sale of 50 percent of representative social capital shares of Itambé, owned by Vigor Alimentos, to Central Cooperative of Rural Producers of Minas Gerais, with a value of 700 million reales.

In a statement sent to the Mexican Stock Exchange (BMV, for its acronym in Spanish), the company indicated that the reach of the acquisition in Brazil is 99.9 percent of Vigor’s shares for an implicit net value of 4,325 million reales.

Vigor has a consolidated infrastructure of over 3,900 employees, three milk collection centers, nine production factories, 19 distribution centers and attends more 47,000 sale points with a strong presence in the states of Sao Paulo, Minas Gerais and Rio de Janeiro.

“Lala’s interest is found in the added value of dairy products sector, where Vigor has broadly-recognized brands such as Vigor, Danubio, Faixa Azul, Serrabella, Leco and Amelia, with a remarkable position in high-growth segments, occupying the number one position in Greek yoghurt, spreadable, grated and fresh cheese, and the number-two position in yoghurt”, the Mexican firm added.

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