Significant Consolidation Evident In The Portuguese Dairy Market
Lactogal, the Portuguese dairy company that makes products such as Mimosa, Primor and Agros, said it was buying Queijos Santiago.
This means access to all Queijos Santiago brands, the three factories and their logistics operations.
Financial specifics are kept confidential, and the deal must be approved by Portugal’s competition authorities.
Lactogal plans to use Queijos Santiago’s current boss. Queijos Santiago is now run by Joao Santiago.
Lactogal sees this as a positive move to strengthen its cheese business. Queijos is believed to help Santiago secure a wider range of cheeses for sale in Portugal and neighboring countries.
Queijos makes several cheeses in Santiago using only milk from Portugal.Last year, Lactogal generated €825 million and Queijos Santiago €63 million.This is the second big move in Portugal’s cheese industry this week.
Another company, Lactalis of France, owned by Parmalat Portugal, recently purchased the Sequeira & Sequeira group. They own LacticÃnios do Paiva, a cheese company.
The Lactalis also had their own distribution centers and two factories.Lactalis Portugal driver Miguel Romao says this will help them sell more Portuguese cheese and strengthen their distribution.
This agreement must also be approved. It will help Lactalis to sell more Portuguese cheese at home and abroad.
LacticÃnios do Paiva is known for its wide variety of cheeses, including cured and fresh flamengo, all sold under the Paiva brand.
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