Prabhat Dairy

Lactalis, the French dairy giant, has announced it has acquired the Indian milk processor Prabhat Dairy, with the operation set to be effective at the beginning of the second quarter of 2019. Economic Times reports that Lactalis paid about 1,700 crore INR ($283 million) through a slump sale, and that the deal includes Prabhat Dairy’s milk processing business as well as its subsidiary Sunfresh Agro Industries. Established in 1998 in Shrirampur, Maharashtra, Prabhat Dairy …