Savencia Fromage & Dairy announces the acquisition of Sucesores de Alfredo Williner, one of Argentina's leading dairy companies, collecting high-quality milk for its industrial sites in the province of Santa Fe.

The French group thus enriches its portfolio with Ilolay, a major local brand with a dairy and family tradition, which offers a wide range of dairy products through a distribution network well established throughout Argentina.

This operation, the financial terms of which are not specified, is part of the deployment of Savencia's growth strategy. It will be subject to approval by the competition authorities in application of local regulations.

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