French dairy giant Lactalis announced Thursday that it has completed the acquisition of Italian company Ambrosi, which specializes in the production of Parmesan cheese. Lactalis announced in a statement that it had "received all the antitrust approvals (from the European authorities) necessary for the acquisition of the assets of the Ambrosi Company", specialized in the production and sale of Grana Padano and Parmigiano Reggiano, the two largest Italian protected designations of origin (PDO).
The acquisition, the amount of which was not disclosed, "will allow Ambrosi to continue its growth by benefiting from Lactalis' global distribution capillarity". "The agreement that has been reached will guarantee Ambrosi products the momentum in international markets that we have wanted to give them in recent years," said Giuseppe Ambrosi, owner of the eponymous company, quoted in the statement. With Ambrosi SpA, based in Brescia, Lombardy, Lactalis will see its presence in Italy reach more than 5000,31 employees, with <> production plants.
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Created in 1933, the French group announced in April that it had exceeded 28 billion euros in turnover in 2022, dethroning Danone from the chair of French leader in the agri-food industry. Lactalis now has 270 production sites in 52 countries and 85,000 employees. Its products are marketed in 150 countries.