Brazilian dairy company CBL Alimentos (Betânia) has received an investment from food and agriculture private equity firm Arlon Group.
Betânia is the largest dairy company in the northeast region of Brazil, producing milk, dairy drinks and yogurt, among other dairy products. It has five industrial units, eight distribution centres and employs 1,800 people.
Arlon, which specialises in the food supply chain in the Americas, was attracted to the value-added portfolio of Betânia as well as its brand recognition.
As part of the investment, Bruno Silva has joined the Betânia board of directors as Arlon’s representative. Meanwhile Betânia CEO and majority shareholder Bruno Girão will continue to lead the business.
Commenting on the deal, Girão said: “Arlon sets itself apart from other private equity firms. I am grateful to have a trusted partnership with Bruno Silva and the Arlon team and truly feel like I have gained close advisors that share the same values and will greatly help Betânia in this new phase.
“I appreciate the breadth and depth of Arlon’s excellent network in the food and agriculture industries in Brazil and globally. Their relationships and resources in retail, distribution and milk production will consolidate Betânia as the leading brand in the northeast region.
Roberto Rodrigues, a former agriculture minister of Brazil and a member of the Arlon Latin America Advisory Board, said: “I am very pleased that Arlon is partnering with Bruno Girão and Betânia.
“Betânia, with its growth and success, promotes dairy farming in the northeast region, and it is key for both social and economic development in the region.”
© FoodBev Media Ltd 2024