General Mills has bought Brazilian yogurt maker Carolina Administração e Participações Societárias Ltda., (Carolina), a privately-held dairy products company headquartered in Ribeirão Claro, Paraná, Brazil.
Terms of the transaction were not disclosed.
The family-owned Brazilian company was established in 1969 and it is known for brands, Carolina, VeryGurt and Gluck.
Operating primarily in southern and southeastern Brazil, Carolina sources milk from farmers in the dairy-rich region of Paraná, and markets more than 20 different dairy product lines.
It employs more than 390 people in Ribeirão Claro and across the region.
“We plan to invest and build on the strong Carolina product portfolio, leveraging our own expertise and the Carolina team to grow and expand in Brazil – a very important market for General Mills International,” said Chris O’Leary, General Mills’ EVP and COO—International.
