Lactalis Announces Acquisition of Portugal's Sequeira & Sequeira Group
Source: The DairyNews
In a significant move, dairy giant Lactalis has finalized an agreement to acquire Sequeira & Sequeira, a prominent Portuguese food company, in a deal that underscores Lactalis' commitment to expanding its global footprint.
Sequeira & Sequeira, founded in 1986 by partners and brothers José and António Sequeira, has garnered acclaim for its exceptional operations and products over the years. The acquisition marks a pivotal moment for both companies, recognizing the dedication of Sequeira & Sequeira's workforce and the quality of its offerings.
Expressing optimism about the acquisition, José and António Sequeira highlighted the potential for growth and development under Lactalis' stewardship. The deal encompasses Sequeira & Sequeira's diverse portfolio, including Lacticínios do Paiva, a renowned cheese producer established in 1933, which has since evolved into a leading player in Portugal's cheese industry with international distribution channels.
Miguel Romão, General Director of Lactalis Portugal, emphasized the alignment of values between the two family-based businesses and expressed satisfaction with the integration process. The acquisition will see the integration of 270 Sequeira & Sequeira employees into Lactalis Portugal, subject to certain conditions, bolstering Lactalis' workforce in the country, which currently stands at approximately 450 employees.
Expressing optimism about the acquisition, José and António Sequeira highlighted the potential for growth and development under Lactalis' stewardship. The deal encompasses Sequeira & Sequeira's diverse portfolio, including Lacticínios do Paiva, a renowned cheese producer established in 1933, which has since evolved into a leading player in Portugal's cheese industry with international distribution channels.
Miguel Romão, General Director of Lactalis Portugal, emphasized the alignment of values between the two family-based businesses and expressed satisfaction with the integration process. The acquisition will see the integration of 270 Sequeira & Sequeira employees into Lactalis Portugal, subject to certain conditions, bolstering Lactalis' workforce in the country, which currently stands at approximately 450 employees.
