Grupo Lala eyes acquisitions with IPO cash

Grupo Lala eyes acquisitions with IPO cash

M&A

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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