Italian dairy food company, Granarolo, has acquired 60% of Brazilian importer and distributer of European foods, Allfood.
Based in São Paulo, Allfood has a portfolio of more than 200 products, 48% of which are Italian (25% cheeses and 75% cold cuts).
Own brands account for 33% of the company’s turnover.
Importance Of Brazil's Market
According to the president of Granorolo Group, Gianpiero Calzolari, Brazil is a country with significant potential. The dairy sector alone is worth €23 billion.
In 2015, Granarolo purchased 60% of Brazilian cheese producer and distributor Yema.
The latest investments in Allfood and Yema, will allow Granarolo to become a leading company in both the production and import of Italian and European food products in Brazil.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
