Chilean investment group Bethia has completed its US$15m purchase of the Chilean unit of troubled Italian dairy group Parmalat.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Bethia entered into an agreement earlier this year to acquire Parmalat Chile. As part of the deal, Bethia agreed to pay Parmalat’s debts to suppliers of $3m-$5m and invest another $5m in expansion, reported Reuters. Bethia will also be allowed to use Parmalat’s brand name for 15 years.


“Our goal is to be the third in the market … By 2005 we will be able to achieve that,” Carlos Heller, executive vice president of Bethia, was quoted as saying.


Heller also said the company was looking at Parmalat’s operations in Uruguay.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now