Brazil: Tirolez signs agreement to acquire Levitare

Brazilian cheese manufacturer Tirolez has signed a contract for the full acquisition of Levitare, a company that specialises in buffalo milk products.

According to sources, the deal marks Tirolez’s first acquisition and is in line with both firms’ plan to accelerate growth.

Tirolez CEO Marcel de Barros said: “We identified in Levitare a mission and purpose that align with ours. While it is a family-owned company that preserves tradition, it also has a strong culture of innovation and utilises the best dairy manufacturing practices”.

Tirolez says that its portfolio will be strengthened by the addition of more than 50 buffalo milk products, and that it expects to see double-digit growth as a result of the acquisition.

The agreement is subject to review by CADE, Brazil’s anti-trust authority.

Source: Giro News