Tirumala Milk Products
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BRICs and beyond: Lactalis enters India
Put next to China, there has been far less investment in India's dairy sector, which is not as developed as in its BRIC counterpart. However...
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Lactalis has agreed a deal to buy the dairy business of Indian conglomerate Anik Industries.
Dairy led the headlines in our sector this week. Danone is to sue Fonterra over last year's botulism contamination saga, French dairy giant Lactalis has entered India with the acquisition of local firm Tirumala Milk Products and Saputo has told Warrnambool Cheese and Butter Factory's investors its offer for the Australian dairy processor is final.
French dairy giant Lactalis has entered India with the acquisition of local processor Tirumala Milk Products.
Lactalis is said to be close to securing a deal to buy a majority stake in Indian dairy business Tirumala Milk Products.
A manager at Indian dairy manufacturer Tirumala Milk Products Private Limited has confirmed to just-food that the company is the target of a purchase bid by France-based food multinational Danone.
Speculation over the future ownership of Indian dairy firm Tirumala Milk Products is intensifying, with Danone and Lactalis reported to have made offers to take control of the business.
India dairy major Tirumala Milk Products is to invest INR3bn (US$55.7m) in the construction of three milk processing and packaging plants in the country.
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