Lactalis buys Nestlé Malaysia’s chilled dairy business for $40 million
According to Reuters, Lactalis, the world’s largest dairy firm, has agreed to buy the chilled dairy business of Nestlé in Malaysia in a deal worth around $40 million.
According to Reuters, Lactalis, the world’s largest dairy firm, has agreed to buy the chilled dairy business of Nestlé in Malaysia in a deal worth around $40 million. Nestle’s chilled dairy business in Malaysia generates revenues of $24 million, said Lactalis, which is a privately-held French company.
The deal, which will take effect next January, follows the earlier acquisition by Lactalis of the Stonyfield organic yogurt brand from Danone and the purchase of siggi’s, a U.S.-based maker of Icelandic yoghurt.
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