Nestle, Lactalis Making Deals
Nestle has also acquired Delta Ice Cream SA in a deal worth around $290 million. With sales of $144 million in 2004 and four production facilities, Delta Ice Cream is the leading ice cream business in Greece as well as in Bulgaria, Macedonia, Romania, Serbia and Montenegro.
The transaction will significantly expand Nestle's position in the growing ice cream market in Greece and the Balkans, the company said.
Finally, stock prices for British Dairy Crest jumped last month on word that Lactalis was considering a takeover bid.