Lactalis buys India’s Tirumala

Groupe Lactalis, the world’s largest dairy company, has purchased 100% of the shares in Tirumala Milk Products (Tirumala), the second largest private dairy company in South India.

This transaction marks Lactalis’ entry into India, which is the world’s largest producer of milk and milk products.

Commenting on the transaction, D. Brahmanandam, co-founder and managing director of Tirumala says, “Tirumala has emerged as a leader in the private sector dairy market in South India. It is well poised to emerge as a national brand with market leadership position.”

Jaideep Khanna, CEO and country head for Barclays India says, “The deal marks the largest dairy transaction in India. Tirumala provides a strong platform for Lactalis’ entry into one of the largest dairy markets globally.”