Lactalis hopes to expand its business in Ukraine through the purchase of Shostka TM and others.

The French dairy corporation Lactalis Group has completed the purchase of the Bel Group corporation's business in Germany, Italy, and Ukraine, including the European brand Leerdammer and the largest Ukrainian cheese producer Bel Shostka Ukraine (TM Shostka, Veselaya Korovka, Kiri).

According to the Bel Group, the agreement ended on September 30.

"All preliminary conditions of the deal have been met, including the unconditional approval of the merger received from the European Commission on August 26," the statement said.

At the same time, the amount of the transaction was not disclosed.

It is noted that the acquisition of Bel Shostka Ukraine will allow the French Lactalis to expand its Ukrainian business, where the company has been operating for the past 25 years.

Reference. French companies Lactalis Group and Bel Group in March 2021 announced an agreement, including the sale of the Ukrainian business to Bel Shostka Ukraine.

The French company Bel Group was founded in 1865. The company has a broad portfolio of dairy brands that are represented in more than 130 countries.

Bel Shostka Ukraine was founded in 1981. In 2005, the company created and introduced the Shostka brand to the market, and in 2007 the French corporation Bel bought a plant in Ukraine.

The French corporation for the production of dairy products, Lactalis Group is represented by 237 factories in 42 countries. In Ukraine, it owns two milk processing plants in the Nikolaev and Dnepropetrovsk regions. The company manufactures products under the brands President, Lactel, Galbani, Societe, Dolce, Fanny, Lactonia, Loko Moko, etc.

Unian