In January 2016, Albalact shareholders closed a takeover deal with Lactalis.
In Romania, Lactalis group also owns the brand LaDorna.
The Romanian antitrust watchdog assessed the operation in terms of its compatibility with the normal competitive environment and found it poses no significant obstacles in terms of actual competition on the Romanian market, mainly by creating or consolidating a dominant position.
Albalact group registered a turnover of RON450 million (over EUR100 million) in 2015, calculated under IFRS standards. Under Romanian accounting standards, Albalact had a turnover of RON512 million, being leader on the local dairy market.
Lactalis, which will take over Albalact through B.S.A. International, is a global leader in the dairy processing industry, holding brands such as President and Parmalat. The group has 75,000 employees and over 200 factories, in 43 countries. It registered a turnover of EUR17 billion in 2015.