Webcor Group acquires Angola’s dairy unit Lactiangol for US$30m

ANGOLA – Webcor, a Switzerland-based food group has acquired the largest dairy business in Angola, Lactiangol in a deal valued at US$30 million as it seeks to strengthen its presence in the industrial sector of the country, reports Angola Press.

Wissam Nesr, Chief Executive Officer Webcor Group said that the firm aims at working closely with its partners in Angola to ensure the enterprise remains sustainable and relevant to the country’s economy.

“Angola is experiencing a turning point in the economy, diversifying from trade and distribution to local industrialization and together with our local partners we will be one of the main players in this change,” said Wissam Nesr.

The firm in its new business plan established in 2019, seeks to develop Lactiangol’s production by multiplying its production capacity and diversifying production into all possible dairy product categories.

Webcor intends utilise the dairy unit in production of UHT milk, chocolate milk, natural and flavored solid yogurt, liquid yogurt, pasteurized butter, juices, ice cream, condensed milk, cheeses as well as dairy desserts.

According to Webcor Group, the strategy will help in promoting the brand, making it a market leader in its segment while optimizing the value chain through the local milk production incentive that now corresponds to only 7% of the factory’s needs.

Since its establishment in 1994, Lactiangol has had a 25 years existence in the dairy industry and subsequently becoming the leading company in Angola.

The installed capacity was the result of an investment made in 2017 by the company, valued at 30 million US dollars.

Currently Lactiangol has over 280 employees and produces a range of products notably UHT milk, school milk, chocolate milk, natural and flavoured yoghurt, liquid yoghurt, pasteurized butter, juices and ice creams.

In 2017, the firm established a new plant in Luanda with a capacity to produce 1,200 kg of butter per hour, 7,000litres of liquid yoghurt per day, 5,000 litres of natural yoghurt per day, to process and bottle 13,000 litres of UHT milk per hour and to receive 20,000 litres of raw milk per hour.