MIYM Acquires San Ignacio and Reaches Three Argentine Dairy Businesses

MIYM, a Mexican group, has completed the acquisition of San Ignacio, a dairy manufacturer based in Santa Fe, Argentina. The company was described as historical in the Argentine market and as a leading exporter of dulce de leche from the country.

The purchase adds San Ignacio to MIYM’s Argentine dairy operations. The group’s holdings in the country now include three dairy companies, according to the account of the transaction.

MIYM previously acquired Lácteos Aurora and Lácteos Karina. The San Ignacio deal follows those transactions and represents the group’s latest purchase in Argentina.

San Ignacio’s position in the market is linked in particular to dulce de leche. The company is identified as a leader in Argentine exports of the product, although the available information does not provide figures for export volumes, sales or the value of the acquisition.

San Ignacio is based in Santa Fe, one of Argentina’s dairy-producing areas. The transaction therefore adds a historically established Santa Fe manufacturer to the two dairy businesses that MIYM had already acquired in the country.

The acquisition expands MIYM’s presence in Argentina’s domestic dairy market. The available account gives no information on the purchase price, the date on which the transaction was agreed, changes to San Ignacio’s management, or plans for the company’s plants and brands.