Parmalat SA rebrands as Lactalis South Africa as last short of integration into parent company

SOUTH AFRICA – Parmalat South Africa, one of the major players in the South African dairy industry has renamed to Lactalis South Africa which came into effect on 1 February 2020. Parmalat SA has been part of the international Lactalis family for the past nine years since the Lactalis Group bought Parmalat in 2011. The local name change to Lactalis South Africa is the final step towards fully integrating the South African business with its international parent company. Marek Warzywoda, Lactalis South Africa general manager, says “the change of name…

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Lactalis increases stake in Italian dairy Parmalat to 95.81%

ITALY – French dairy products corporation, Lactalis has increased its stake in the Italian dairy and food counterpart to 95.81% with the transaction expected to complete December 5, 2018. The company is also planning to delist Parmalat ordinary shares from the Italian Stock Exchange and take the company private. Lactalis, which previously owned 89.63% stake in Parmalat through its fully-owned company, Sofil S.a.s said it purchased a block of 114,546,237 Parmalat shares representing 6.175% of the Issuer’s share capital, at a price equal to US$3.25 (Euro 2.85) per share. It…

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Parmalat acquires Kraft Heinz’s Canadian natural cheese business for US$1.2b

CANADA – Kraft Heinz has announced that it has agreed to sell its Canadian natural cheese business to Parmalat for US$1.23 billion with the transaction expected to close in the first half of 2019, subject to regulatory review and approval. The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market. As part of the agreement, Kraft Heinz will sell its production facility located in Ingleside, Ontario while Kraft Heinz Canada will also transfer approximately 400 employees from that facility to Parmalat. “We’re excited about what this transaction means for our future…

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