Mexican dairy company Grupo Lala has entered into an agreement with Laguna Dairy to acquire assets related to Laguna’s branded business in the US worth $246 million.
Laguna’s branded portfolio includes products in high-growth segments such as mainstream drinkable yogurt under the Lala and Frusion brands and speciality milks under the Promised Land and Skim Plus labels.
The acquisition includes three production plants and at least five brands, and will also provide a local platform to expand the presence of Lala’s authentic Mexican product line in the large US hispanic segment, the company said.
The deal is in line with Mexico City-based Grupo Lala’s strategy of expanding in value-added branded categories in high-growth markets across the Americas.
Grupo Lala CEO Scot Rank said: “This acquisition represents a unique opportunity to enter high-growth dairy categories in a key market in the Americas. Through this transaction we are obtaining modern production facilities, growing businesses in value added categories, and a local platform for future growth in the world’s largest dairy market.”
© FoodBev Media Ltd 2024