Thursday, July 20, 2017

Lala closes exclusive Mexican Force

Mexican Lala Foods closed exclusive contract with J&F to buy the Food Force. The candidate has submitted the best offer in terms of price. The terms of the contract were also well received. In the end, the body of work put in a vantage point Lala. The J&F is in a hurry to sell the assets and therefore the ease and rapidity in completing transactions are valuable conditions in choosing the future buyers of its operations.
In contention
The French and global leader in dairy products for Lactalis also offered an attractive value. However, the proposed contract is more complex and, consequently, would consume more time before the deal was completed. The Force would have received non-binding proposal yet of American groups, but that, because they are more demanding in terms of due diligence, they would be out of the running.
Rematch
The Lala Foods have you tried, about three years ago, buying the dairy unit of the BRF, but for Lactalis who got the business. Bradesco BBI and Santander Brazil, in addition to lenders, advise the Sales Force. Wanted, those involved have yet to comment. The J&F said it doesn''t comment on asset sale and clarifies that its processes follow the usual procedures for operations of this nature.
O Estado de S. Paulo - 20/07/2017
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