date:May 25, 2012
The acquisition amount represents 9.5 times the projected 2012 earnings before interest, taxes, depreciation and amortization (EBITDA) of Lactalis American Group or 10.6 times the group's EBITDA in 2011.
In 2011, Lactalis American Group reported EBITDA of $84m and revenues of $973.93m.
Parmalat noted that the transaction will be totally financed by its own means and will be completed within July 2012.
According to Parmalat, this transaction enables it to enter into the US market; increase