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Lactalis, the French dairy giant, has announced the acquisition of Uruguay-based dairy company Granja Pocha, according to Just Food and Todo Lecheria reports.
Post-acquisition, Lactalis’s facilities in Cardona will assist Granja Pocha with whey drying and surplus milk processing. Lactalis will also now process 120 million litres of milk annually in Uruguay, with two factories and two distribution centres.
Founded in 1980 by Edgardo Villanueva, Granja Pocha started by processing milk daily for dulce de leche (milk caramel). Today, it produces cheese, yoghurts, cream and milk under the Colonial brand, employing 160 workers and collaborating with over 30 dairy producers.
In a statement, the companies said: “We are confident that this move will improve production capacity, strengthen the domestic market through the two companies’ well-known brands, and boost product exports by expanding our production lines”.
The transaction is subject to approval by Uruguay’s competition authority. Financial terms were not disclosed.
Source: Just Food / Todo Lecheria
