Brazilian dairy producer Laticinios Canaa, based in southern Parana state, plans to buy a former plant of Parmalat Brasil SA Industria de Alimentos, Brazilian unit of bankrupt Italian food group Parmalat Finanziaria SpA, in Manhuacu, in the southeastern state of Minas Gerais, according to the Latin America News Digest.
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The company has rented the plant and the deal for the purchase is expected to take place in the next six months. The plant’s price is 6.0m reais (US$2.5 mln), while its net assets are estimated at 2.0m reais.
The plant, which stopped operations in 2004, will produce powdered milk in the first phase of operations and condensed milk in the future. Its production will reach 200,000 litres of milk per day.
Parmalat operated the plant for seven years and after that sold it to the food producer Alimentos Rio Grande. Two years later, the plant stopped operations due to liabilities inherited by Parmalat Brasil.
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