Lactalis Buys South India's 2nd-Largest Milk Producer

Law360, New York (January 8, 2014, 2:18 PM EST) -- French company Lactalis SA, the world's largest dairy producer, has agreed to acquire all of Tirumala Milk Products Private Limited, South India's second-largest private dairy company, the companies said Wednesday.

The companies didn't disclose the details of the transaction, but India's Economic Times cited inside sources to give the deal a $275 million price tag. It is Lactalis' first investment in India, a country that produces more milk than any other in the world.

"Tirumala is the partner of choice for Lactalis, and is well poised...
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