Italian dairy group Granarolo has sold its creamery Caseificio Merlo, according to local reports.
The sale, to a group of Piedmont-based businessmen, was for a reported EUR188,000 (US$1.17m).
Granarolo acquired the brand in March 2005 from the Yomo Group. The news comes six months after the company announced plans to close its Sermoneta and Acqui Terme plants. Both produce cheese for the Merlo brand.
Bologna-based Granarolo processes fresh pasteurised milk and is a leader in the production of organic dairy products.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData