Grupa Lacpol finally gets Nestle Polska's milk processing plant

Nestle Polska has sold its only milk processing plant to Grupa Lacpol, one of the leading domestic companies in the sector. The plant which is situated in Kobylnica, in the outskirts of Słupsk, produces yogurts and kefirs under the brand name of "Farma". A competitor to Grupa Lacpol looking to take over the plant was the Swedish-Danish company, Aria Foods, failed to convince Nestle to sell. The transaction will be officially finalized on November 1, however none of the sides of the deal want to reveal the value of the contract. The sale of the plant is connected with Nestle's earlier announcement to withdraw from further development of its operations in fresh milk products. "The investments were halted in this sector, due to huge competition on the market," announced Agnieszka Wąsak of Nestle Polska. The Kobylnica-based plant will be the eleventh owned by Lacpol, which promised to keep the employment size in the plant at the same level for the next 18 months. (Puls Biznesu, p. 8) A.K.