Grupo Lala CEO says time was right to acquire Laguna Dairy
The acquisition gives Grupo Lala a local platform for production and sales to serve the Hispanic market in the United States.
Grupo Lala CEO Scot Rank today elaborated on the company’s purchase of Laguna Dairy, announced earlier this week.
Rank said the timing was right because drinkable yogurts have been successful with major U.S. retailers, there are “firm commitments” from retailers for drinkable yogurts and premium-priced specialty milks, and most of the capital expenditures have been invested in Laguna’s three dairy plants. Waiting could have been much more expensive, he said.