MEXICO CITY — Grupo LaLa, S.A.B. de C.V., a producer and marketer of dairy products in Mexico and Latin America, has entered into an agreement to acquire certain U.S. branded business assets from Laguna Dairy, S. de R.L. de C.V. for $246 million in an all-cash transaction. The acquisition includes three production plants and five brands, and is in line with Grupo LaLa’s strategy of expanding in value-added branded categories in high-growth markets in the Americas.
The U.S. branded business is expected to generate approximately $200 million in sales during 2016 and has achieved double-digit growth for the past two years. The branded portfolio includes drinkable yogurt under the LaLa and Frusion brands and specialty milks under the Promised Land and Skim Plus brands. In the United States, LaLa is the leading brand in the adult drinkable yogurt category and Promised Land and Skim Plus are recognized regional super premium milks, according to Grupo LaLa.
|Scot Rank, c.e.o. of Grupo LaLa|