LALA buys Nicaraguan operation La Perfecta

By Jim Cornall contact

- Last updated on GMT

Nicaraguan company La Perfecta, which includes eight brands, has been acquired by Mexican company LALA
Nicaraguan company La Perfecta, which includes eight brands, has been acquired by Mexican company LALA

Related tags: Milk

Mexican company LALA has signed an agreement to acquire 100% of Productos Lácteos La Perfecta S.A. shares.

La Perfecta, a Nicaraguan company founded in 1959, manufactures and markets milk, dairy products and juice in the region. It operates a distribution network that reaches more than 25,000 points of sale in Nicaragua.

La Perfecta has a portfolio of eight brands and over 130 products. At the end of 2014, the company's annual sales exceeded $46m.

LALA says that the transaction will be financed through its existing cash position.

Scot Rank, Grupo LALA CEO said, “With this acquisition we have added new production and distribution infrastructure that provides increased scale and new capabilities, that will allow LALA to consolidate its presence in the region.”

The acquisition has been approved by Grupo LALA´s Board of Directors and will be completed once the necessary regulatory authorizations are granted.

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