Lactalis Group, is a world leader in the dairy industry, has acquired the Peruvian subsidiary of Aspen Pharmacare. The $860m transaction is part of a global operation, which involves approximately 15 jurisdictions around the world.
Dentons' Peruvian office served as legal counsel to Lactalis Group, while Estudio Muñiz acted for Aspen Pharmacare.
Representation includes the purchase of intellectual property rights, tangible assets, product and retail registrations and transfer of staff.
This acquisition, which began in July 2018, is part of the strategy of Lactalis Group to cover all categories of dairy products in countries where it operates. The purchase carried out in the Peruvian market, will accelerate the expansion of the company in the babyfood sector.