Sabelli has inked a deal with its fellow Italian dairy counterpart, Mila Cooperative, to acquire the Stella Bianca cheese company.
Mila confirmed the divestment of its stake in Stella Bianca after a 14-year ownership period in a statement. A spokesperson for the cooperative elaborated that the growth experienced in Mila’s primary sectors, namely yogurt and cut cheese, has led to the adoption of a strategic approach aimed at fostering additional advancements in these segments in the foreseeable future.
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“The proceeds from the sale of Stella Bianca will empower Mila to undertake significant investments in plant automation and digitization, aligning with our company’s sustainability strategy,” the spokesperson elaborated.
Located in Lodi, Italy, Stella Bianca specializes in crafting fresh cheeses from 100% Italian milk, encompassing varieties such as stracchino, robiola, goat cheese, and cream cheese. Additionally, it provides a selection of vegan and gluten-free yogurt substitutes crafted from Italian rice flour. Catering to diverse preferences, the company offers both its signature branded items and customized private label solutions.
Multiple sources indicate that the transaction, the terms of which remain undisclosed, is anticipated to conclude by the end of June of the current year.
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