Savencia Fromage & Dairy expands with acquisition of Quatá Alimentos in Brazil

BRAZIL – Savencia Fromage & Dairy, an independent, family-owned group, and global reference in the cheese and dairy industry, has announced the signing of an agreement to acquire Quatá Alimentos (Quatá), a cheese and dairy products manufacturer in Brazil.

This development will strengthen Savencia’s local portfolio by adding Quatá’s well-established brands, such as Glória and Quatá, which have long been part of Brazilian households and offer a wide, complementary range of cheese and dairy products.

Quatá, a family-owned company, has distinguished itself through its commitment to quality and tradition. The company sources high-quality milk from regions located in the states of São Paulo, Minas Gerais, and Rio de Janeiro.

It holds a strong position in the Brazilian market, supported by a solid cheese-making heritage.

“This acquisition reinforces Savencia’s long-standing presence in Brazil, where the Group has been established for decades with its heritage local brands such as Polenghi, Campo Lindo, Polenguinho, and Frescatino.

“This is an important step in our growth journey In Brazil as it will enable Savencia to complement its portfolio and strengthen its position in the Brazilian dairy market.” said Olivier Delaméa, Group Chief Executive Officer of Savencia.

The completion of the transaction is subject to approval by CADE antitrust authorities in accordance with local regulations.

Until the approval process is completed, both companies will continue to operate independently, ensuring business continuity and full service to clients and consumers.

 “Today, we are taking a new step in our history by joining the great Savencia family. This alliance honors Quatá’s journey and strengthens our commitment to continue its development.” stated José Henrique Coutinho and Maurício Franco, founders of Quatá Alimentos.

Savencia Fromage & Dairy reports 5.1% revenue increase in its FY 2024

Recently, the company reported a 5.1% increase in revenue, driven by strong inflation in milk prices, particularly in France.

The Group’s net income reached €107 million, representing 1.5% of revenue, up from €96.5 million (1.4%) in 2023.

The group’s organic growth increased to 3.1%, primarily driven by a significant 7.8% in other dairy products, with an acceleration in the fourth quarter.

The exchange rate effect contributed 0.9% to total growth, while the acquisition of Williner in Argentina contributed 1.1% as a structural effect.

Other operating costs and income, including asset impairments, costs related to optimisation projects, as well as various claims and litigation, totalled €28.4 million, showing an improvement compared to 2023.

Operating profit reached €232.3 million, reflecting an increase of €19.4 million compared to last year.

This evolution is the result of major achievements in mix management, effective management of inflation and improved operational competitiveness.

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