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April 1, 2008

BRAZIL: Lacteos to buy Montelac dairy ops

Lacteos do Brazil will acquire the dairy processing and distribution operations of local peer Montelac Alimentos SA.

Lacteos do Brazil will acquire the dairy processing and distribution operations of local peer Montelac Alimentos SA.

The dairy processor, a subsidiary of LAEP Investments, has signed a memorandum of understanding concerning the acquisition, LAEP said in a statement.

The deal is subject to the completion of due diligence, LAEP added.

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