M. Dias Branco S.A. Indústria e Comércio de Alimentos signed an agreement to acquire Indústria de Produtos Alimentícios Piraquê S.A. for an enterprise value of BRL 1.6 billion.
January 29, 2018
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M. Dias Branco S.A. Indústria e Comércio de Alimentos (BOVESPA:MDIA3) signed an agreement to acquire Indústria de Produtos Alimentícios Piraquê S.A. for an enterprise value of BRL 1.6 billion on January 29, 2018. The consideration will be paid in cash. The completion of the transaction is subject to the implementation of usual conditions for transaction of this nature, including the approval of CADE (Conselho Administrativo de Defesa Econômica). As of March 19, 2018, the deal is approved by the CADE. M. Dias Branco will hold an extraordinary general meeting to submit the transaction to the ratification of its shareholders. As of April 4, 2018, the transaction is still subject to ratification by shareholders of M. Dias Branco at the meeting that will be held on April 12, 2018 and to the fulfillment of certain conditions precedent. As on April 12, 2018, the transaction was ratified by the extraordinary shareholders’ meeting of M. Dias Branco S.A. Indústria e Comércio de Alimentos.
M Dias Branco SA Industria e Comercio de Alimentos is a Brazil-based company primarily engaged in the food processing industry. The Company focuses on industrialization, sale and distribution of food products derived from wheat, mainly biscuits, pastas, and wheat flour. Its activities also include the manufacture, sale and distribution of vegetable fats and margarines, cakes, cake mixes, packaged toasts, and snacks. The Company operates through an integrated and vertical production process, producing flour and vegetable fats used to manufacture biscuits and pastas. The Company's brand names portfolio includes Adria, Basilar, Bonsabor, Fortaleza, Isabela, Pilar, Predilleto, Richester, Salsito, Treloso, Vitarella and Zabet, among others. It owns a number of production units and distribution centers in Brazil. The Company is a subsidiary of Dibra Fundo de Investimento em Participacoes.
M. Dias Branco S.A. Indústria e Comércio de Alimentos signed an agreement to acquire Indústria de Produtos Alimentícios Piraquê S.A. for an enterprise value of BRL 1.6 billion.
M. DIAS BRANCO S.A. INDÚSTRIA E COMÉRCIO DE ALIMENTOS 
