Grupo Lala concludes purchase of Brazilian company Vigor Alimentos

Grupo Lala announced that it has completed the acquisition of 99.9 percent of the shares of Brazilian dairy company Vigor Alimentos and 50 percent of Itambé Alimentos, for an implicit value of five thousand 25 million reais (29 thousand 394 million pesos, approximately).

The dairy firm said it expects the Cooperativa Central dos Productores Rurais de Minas Gerais Ltda (“CCPR”, for its acronym in Portuguese) to exercise its right to acquire 50 percent of the remaining shares of Itambé, belonging to Vigor, implied net of the transaction would be four thousand 325 million reais.

The group’s CEO, Scot Rank, pointed out in information sent to the Mexican Stock Exchange (BMV) that “Lala and Vigor are a solid combination to build a leading company in Brazil, as they have the scale, portfolio, innovation and talent needed”.

Lala said that the transaction was financed with a 25.229 billion pesos bridge loan with banks JP Morgan, BBVA Bancomer and Santander, while the bridge loan refinancing will be through long-term debt and a possible bond issue.

Vigor’s estimated revenues for 2017 are 2 thousand 407 million reais in Net Sales and Ebitda in 200 million reais, with a margin of 8.3 percent.


Source: Notimex


Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).


Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.

  • They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
  • Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
  • SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
  • Comments that are meaningless with the footnote or the dairy sector.