Grupo Lala has acquired milk-processing company National Dairy Holdings from majority owner Dairy Farmers of America. The purchase expands Lala's presence in the United States and allows DFA to invest in new strategic projects.
Dallas-based NDH is one of the largest milk processing companies in the United States and a leading producer of branded and private label dairy products. The company's most recognized regional brands include Borden, Dairy Fresh, Velda Farms, Flav-O-Rich, Sinton's, Cream O' Weber, Meyer Dairy, Dairymens, Coburg Dairy, Goldenrod and Georgia Soft Serve Delights.
"Acquiring National Dairy and its leading regional brands provides Lala a unique opportunity to further broaden the manufacturing and marketing of value-added dairy products in the United States," said Eduardo Tricio, chairman of Lala. "We look forward to working with National Dairy's management and employees to deliver top-quality, innovative and nutritious products to customers."
"Lala brings a breath of resources and strong track record for understanding consumers' needs, creating and manufacturing innovative products and marketing brands," said Rick Beaman, president of NDH.
NDH operates 18 processing facilities in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, Ohio, South Carolina, Texas and Utah. It will operate as a wholly owned subsidiary of Lala. The existing management team will continue to lead day-to-day operations.
"We enjoy a strong relationship with Lala and look forward to continuing that relationship well into the future. They are a reputable company and, like DFA, are focused on their people and on producing top-quality products," said Tom Camerlo, DFA board chairman. "The National Dairy sale is truly a win-win scenario, as Lala is gaining a company with strong performance in the U.S. market, and DFA can continue to explore new investment opportunities on behalf of its members."
Lala's branded products have been quickly growing in popularity among U.S. Hispanics, while the acquisition of the Frusion and La Creme brands has bolstered its share of the drinkable yogurt and yogurt-based dessert categories, respectively.
Grupo Lala purchases NDH
May 11, 2009