[4 August/ Dairy Reporter]

Grupo Lala has agreed to acquire 91.99 percent equity share of dairy company Vigor Alimentos S.A., as well as its shareholding in Itambé Alimentos S.A., for USD1.8 billion. Grupo Lala also purchased Arla Foods International’s Vigor shares, increasing their ownership to 99.99 percent. A Grupo Lala Spokesperson said the company was directly negotiating with Vigor for over a year, and circumstances in Brazil provide a reasonable price of market entry for a high-quality company and supports Grupo Lala’s vision of becoming the preferred dairy company in the Americas. The acquisition will help Grupo Lala solidify its presence and expand its value-added portfolio in the largest dairy market in South America and fourth largest milk producer globally.