Spain’s Idilia Foods buys 50% of dairy drinks maker Cacaolat
Spain-based Idilia Foods has struck a deal to acquire 50% of local dairy-drinks business Cacaolat from beer giant Damm. The deal, agreed for an undisclosed sum, will see Idilia and Damm “jointly manage” Cacaolat, which markets drinks under its namesake brand, as well as Letona milk and Laccao chocolate milk. The transaction remains subject to […]
Flavoured milk market will grow to be 71% of dairy drink in India by 2028
India may be one of the largest milk producers globally, Indian consumers associate milk with being healthy and just 37 per cent perceive milk to be a high source of calcium. Today’s consumers are pursuing healthier lifestyles and adopting diets that are beneficial to their overall wellbeing. Though Indian consumers may not fully recognise milk’s […]