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19/2/2015
Parmalat closes first Mexican deal since 2004 - News - Latin Lawyer
Parmalat closes first Mexican deal since 2004
Thursday, 19 February 2015 (5 hours ago) by Luke Jarmyn
International food company Parmalat has appointed firms in three jurisdictions for its acquisition of
Mexican dairy company Distribuidora de Lácteos Algil for US$105 million – its first deal in the country since
selling its Mexican operations to Grupo Lala in 2004.
Parmalat hired Mexico’s Creel, García-Cuéllar, Aiza y Enriquez SC as lead counsel and Ferrere (Uruguay) in
Montevideo, Argentina’s Estudio Beccar Varela and Consortium Centro América Abogados - Guatemala.
Distribuidora de Lácteos Algil used Mexico’s Galicia Abogados for the deal, which was signed on 28 January.
Distribuidora de Lácteos Algil's portfolio include the brands Esmeralda, El Ciervo, Mariposa and La
Campesina Holandesa. Distribuidora de Lácteos Algil facilities in Latin America include 20 distribution
centres and four production centres: one in Mexico, two in Uruguay and one in Argentina.
The deal signals Parmalat’s return to the Mexican market following the sale of the company’s Mexican
operations in 2004 after the group filed for bankruptcy in December 2003.
French dairy company Lactalis acquired a managing stake in Parmalat through the Italian stock exchange in
2011.
Lactalis has invested over US$1billion in recent Latin American expansion deals. In September, the company
acquired the dairy assets of Brazil’s second largest food company BRF for US$800 million. Lactalis was
advised by Pinheiro Neto Advogados while BRF relied on Machado, Meyer, Sendacz e Opice Advogados.
Lactalis sought counsel from Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in August in a US$111
million purchase of LBR-Lácteos Brasil’s dairy producing assets, as part of LBR’s restructuring. The sale
included trademarks Poços de Caldas, Da Matta and Boa Nata. LBR used Renato Mange Advogados
Associados and Pedro Dutra Advogados for the deal.
Counsel to Parmalat
Creel, García-Cuéllar, Aiza y Enriquez SC
Partner Eduardo González Irías and associates Paola Sanchez and Natalia Pichon in Mexico City
Ferrere (Uruguay)
Partner Geraldine Ifran and associates Alejandra García, Carolina Piacenza, Carolina Secondo, María José
Fernández, Alejandro Alterwain, Victoria Vergara, Bruno Bertolotti, Claudia Piazza, Julián Ruiz, Ignacio
Cavanna and Lucía Guidice in Montevideo
Estudio Beccar Varela
Partner Ramón Moyano and associate Lucía Degano in Buenos Aires
Consortium Centro América Abogados - Guatemala
Partner Alvaro Castellanos Howell and associate Kristine Klanderud Gonzalez in Guatemala City
Counsel to Distribuidora de Lácteos Algil
Galicia Abogados
http://latinlawyer.com/news/article/47843/parmalat-closes-first-mexican-deal-2004/?utm_source=Law+Business+Research&utm_medium=email&utm_campaign…
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19/2/2015
Parmalat closes first Mexican deal since 2004 - News - Latin Lawyer
Partners José Visoso and Christian Lippert, and associates Ricardo García, José Juan Vázquez, and Amalia
Contreras in Mexico City
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