Lactalis has completed 4 recorded acquisitions and 0 divestitures or spin-offs, spanning 2006 to 2018.
| Date | Type | Assets | Counterparty | Value |
|---|---|---|---|---|
| Jan 2018 | Acquisition | Siggi's | — | undisclosed |
| Aug 2017 | Acquisition | Stonyfield Organic | Danone | $875m |
| Jul 2011 | Acquisition | Parmalat | — | undisclosed |
| Apr 2006 | Acquisition | Galbani | — | undisclosed |
Lactalis acquired Siggi's, an American skyr maker founded by an Icelandic immigrant who could not find yoghurt as thick or as low in sugar as the one he had grown up with. The price was not disclosed and only the year is documented here.
Lactalis acquired Stonyfield Farm from Danone for about $875 million. Danone was selling because American antitrust authorities required it to divest Stonyfield as a condition of completing its purchase of WhiteWave Foods, so this acquisition exists only because of a remedy imposed on another deal in this dataset.
Lactalis took control of Parmalat through a public tender offer at EUR 2.60 per share, gaining the Italian dairy group that had collapsed in 2003 in what was then the largest corporate fraud in European history. The Italian government objected to a national champion passing into French hands and briefly changed takeover rules in response.
Lactalis acquired Galbani from the private equity firm BC Partners, buying the largest cheese brand in Italy and with it a position in mozzarella and mascarpone that its French portfolio lacked. The price was not disclosed by the parties.
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