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Investment Plans to Transform Coleme into a Public Company

Argentina 15.09.2025
Source: dairynews.today
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Argentine entrepreneur Osvaldo Spataro, a former executive of Boca Juniors, has announced his interest in investing in the Cooperativa de Lechería de Melo (Coleme), located in Cerro Largo, Uruguay. Spataro has signed a letter of intent to acquire the plant, brand, machinery, and liabilities, while maintaining the current workforce.

Investment Plans to Transform Coleme into a Public Company

Spataro's plan includes enhancing the value of the plant, increasing the volume of processed milk, and improving production processes, particularly in cheese manufacturing. Furthermore, he intends to attract Argentine and foreign investors connected to agriculture to provide capital.

One of the central points of the project is to evaluate transforming the cooperative into a public company (S.A.), depending on the improvements and value the plant acquires with the investments. This decision, however, remains contingent on formalities and negotiations.

Coleme's current state reveals significant debt: around US$ 800,000 owed to Banco República and nearly US$ 2 million in total debts, including producers, suppliers, and other liabilities. Additionally, the industrial plant is deteriorated, necessitating urgent investment. Spataro is committed to implementing operational improvements and modernizing management to ensure continuity.

Workers have mostly learned about the project through the media, with unions demanding clarity on conditions, rights, and the scope of the transition. Spataro emphasized his intention to preserve the employment levels, incorporate the current workforce, and engage with all stakeholders to make the transition as transparent as possible.


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