Gloria buys Saputo Argentina
Peruvian company Gloria strengthens its regional presence with a major acquisition in Argentina. Peruvian firm Gloria Foods S.A. has announced an agreement to acquire 80% of the shares of Molfino Hermanos S.A., commercially known as Saputo Argentina, in a deal valued at approximately US$500 million. The transaction, reached with Canada-based Saputo Inc., also includes the transfer of the company’s commercial…