Spanish dairy producer Kaiku has acquired CLM-Vitalait

Spanish dairy producer Kaiku has acquired CLM-Vitalait

Spanish dairy company Kaiku has reportedly bought Tunisian peer CLM-Vitalait.

Kaiku, which has production centres in France, Chile and Argentina, today (23 December) announced it has acquired the Mahdia-based company, according to Spanish daily Cinco Dias. A figure for the deal was not disclosed.

The two companies have been collaborating on yoghurt products for the past five years, Cinco Dias said.

CLM-Vitaliat is reported to be the second-largest dairy company in Tunisia. The newspaper said it has an annual processing capacity of 110m litres, employs 480 people and has a turnover of more than EUR70m (US$91.4m).

Kaiku sources told Cinco Dias that Vitalait has "great potential for growth in the dairy market in Tunisia and the region".

Officials at Kaiku could not be reached for immediate comment.