ITALY/NICARAGUA: Potential buyers hovering over Parmalat Nicaragua
Five companies have expressed an interest in buying the Nicaraguan assets of troubled Italian food group Parmalat.
Parmalat Nicaragua grew out of the local company La Perfecta, which the Italian company bought in 1999. It employs 800 people and buys some 20% of the country's milk output, reported Invertia.
The parties interested in acquiring Parmalat Nicaragua include the Cohen family of bankers and business people, as well as Agricorp and the Eskimo ice cream maker. They are all said to be committed keeping operations going and protecting staff.
Sectors: Ice cream
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Food market in 2017: need-to-know US trends
- Trump seen as negative for global food trade
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth