Grupo LaLa to buy Wells' yogurt facility
January 25, 2008
by Eric Schroeder
TORREAN, MEXICO — Grupo LaLa, a major producer and marketer of dairy products in Mexico and Latin America, has agreed to acquire an Omaha-based yogurt production plant from Wells’ Dairy Inc. Financial terms of the transaction were not disclosed.
Built in 1955, the yogurt plant was acquired by Wells’ Dairy in 1982 from Safeway, Inc. In 2005, the facility was converted to a yogurt-only plant.
The move comes less than month after Wells sold its Le Mars, Iowa, milk plant to Dallas-based Dean Foods Co., and marks Wells’ final step in its plan to divest itself of the fresh and cultured dairy business and focus on ice cream and frozen treats.
As part of its deal with Wells’, Grupo LaLa will have a licensing agreement to make and sell yogurt under the Wells’ Dairy Blue Bunny label for up to four years.