Mexican food and drinks company Grupo Lala has acquired milk processing company National Dairy from DFA in a bid to expand its presence in the US.
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National Dairy, based in Dallas, is one of the largest milk processors in the US and a producer of branded and private-label dairy products. The company’s most recognized regional brands include Borden, Dairy Fresh, Velda Farms, Flav-O-Rich, Sinton’s and Meyer Dairy.
The company operates 18 processing facilities in the US and will operate as a wholly-owned subsidiary of Lala. The existing management team will continue to lead day-to-day operations.
“Acquiring National Dairy and its leading regional brands provides Lala a unique opportunity to further broaden the manufacturing and marketing of value-added dairy products in the United States,” said Eduardo Tricio, chairman of Lala. “We look forward to working with National Dairy’s management and employees to deliver top-quality, innovative and nutritious products to customers.”
Rick Beaman, president of National Dairy, said Lala brings a “breadth of resources and strong track record for understanding consumers’ needs, creating and manufacturing innovative products and marketing brands”.
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By GlobalDataFinancial details of the deal were not disclosed.
