Lactalis Enters Romanian Dairy Market
The French dairy giant completed its takeover of the Romanian LaDorna group in a deal reportedly worth up to EUR 100 million.
Lactalis acquires all shares of
LaDorna, which is Romania’s third largest dairy producer after
Danone and Dutch Friesland.
The robust valuation was said to take
into account the large growth potential of the domestic dairy market
where consumption is currently just around a third of the European
average.
Lactalis, one of the largest international dairy
companies, posted a EUR 9.7 billion turnover in 2007 and is known to
have been looking for an entry point into the Romanian market.
The
move is a continuation of Lactalis' expansion into Eastern Europe.
Related news
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >Lidl became the customers’ favorite store
Once again, thanks to customers, Lidl Hungary received prestigious awards.…
Read more >