The family-owned Mexican dairy giant is looking to sell shares in business

The family-owned Mexican dairy giant is looking to sell shares in business

Grupo Lala, the Mexican dairy group, has outlined plans for an IPO for funds to pay down debt, expand distribution and make possible acquisitions.

Lala has filed a prospectus on the Mexican stock exchange, although there is, as yet, no indication of how much the family-owned company is looking to raise from the share offer. Bloomberg has reported Lala could be after at least US$700m.

Lala has 17 plants and 161 distribution centres across Mexico and Central America. Its major brands in Mexico are the namesake Lala brand and Nutrileche.

The company accounts for 53% of Mexican retail milk sales and 52% of the cream category. It also enjoys a 31% of retail pre-packaged cheese sales and 22% of the yoghurt market in Mexico. Lala also acccounts for 43% of dessert sales.