Grupo LALA to acquire certain dairy brands in U.S.

Mexico-based company enters high-growth dairy categories and provides platform for product line in U.S. Hispanic market.

Grupo LALA S.A.B. de C.V., a dairy company in Mexico, announced May 31 that it has entered into an agreement to acquire from Laguna Dairy S. de R.L. de C.V. certain assets related to Laguna's branded business in the U.S. for $246 million in an all-cash transaction.

This acquisition is in line with Grupo LALA's strategy of expanding in value-added branded categories in high-growth markets in the Americas.

According to Grupo LALA, the branded business will sell approximately $

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