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.