Gloria Foods Realizes the Purchase of 80% of Saputo Argentina for US$500 Million
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Gloria Foods achieved the acquisition of 80% of Saputo Argentina in an operation valued at US$500 million. The purchase incorporates industrial plants and recognized brands, reinforcing its regional growth strategy.
The Peruvian company Gloria Foods, food platform of Grupo Gloria, officially closed the acquisition of 80% of Molfino Hermanos S.A., firm that operates commercially as Saputo Argentina and that transforms more than 3 million liters of milk a day in the Argentine market. The operation, valued at approximately US$ 500 million (five million [...]
Gloria Foods concrete purchase of the largest dairy company in Argentina for US$ 500 million Gloria Foods, the food platform of the Gloria Group, concluded the acquisition of 80% of the shares of Molfino Hermanos S.A., known commercially as Saputo Argentina. The operation was carried out after obtaining the corresponding regulatory authorizations in the markets involved. The agreement was valued at approximately US$ 500 million, according to the…
Gloria Foods, the food platform of Grupo Gloria, concluded the purchase of 80% of Molfino Hermanos S.A., a company that operates commercially as Saputo Argentina, after receiving the regulatory approvals required to close the operation.The transaction, valued at approximately US$500 million, had been announced in February of this year and was conditioned to the approval of the competent authorities.With the official closure of the agreement, the…
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larepublica.coGloria Foods signs agreement to acquire 80% of Saputo Argentina for US$ 500 millionGloria Foods, the food platform of Grupo Gloria, concluded the acquisition of 80% of the shares of Molfino Hermanos S.A., known commercially as Saputo Argentina, after obtaining the corresponding regulatory authorizations.The operation, valued at approximately US$ 500 million, marks one of the most relevant movements of the company in its strategy of regional expa…
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