Grupo Lala eyes acquisitions with IPO cash

Grupo Lala eyes acquisitions with IPO cash


Mexico’s Grupo Lala is considering spending some of the cash raised in last year’s IPO on acquisitions, with a special interest in Mexico and Central America, chief financial officer Antonio Zamora has told LatinFinance. The dairy and food producer has a strong brand and a distribution network in its home market as well as in Central America, he said, citing a new plant in Nicaragua and its presence in Guatemala. Other Latin American countries and the US are also potential sites for acquisitions

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