The review covers a broad portfolio of consumer brands and comes as changing media consumption patterns and the rapid growth of retail media reshape how food companies engage with consumers.
The transaction is expected to close by the end of the first quarter of calendar 2027, subject to customary closing conditions, including receipt of applicable regulatory approvals.
The decision to shutter the site comes directly on the heels of Lactalis’s acquisition of Fonterra’s Australian processing assets.
The transaction remains subject to regulatory approval and customary closing conditions.
The French dairy giant is investing in projects that will upgrade production, automate logistics and make changes to energy supply at its plant in Ostrava.