[2019-01-09] DR Congo group buys Angolan company Lactiangol

Source: Macauhub

The Webcor business group recently bought Lactiangol, Angola’s main dairy unit, for US$30 million, the group said in a statement quoted by the Angolan press.

Wissam Nesr, chief executive of the Democratic Republic of Congo group, said in the statement that Angola is experiencing a turning point in its economic model, with diversification of trade and distribution for industrialisation, “and we intend with our local partners be one of the main agents of this change.”

The statement added that the business plan outlined for 2019 aims to expand Lactiangol’s production in all segments, such as UHT milk, chocolate milk, natural and flavoured solid yogurt, liquid yogurt, pasteurised butter, juices, ice cream, condensed milk, cheeses as well as dairy desserts.

The strategy of the Webcor Group is to increase the production and quality of Lactiangol products, further promoting the brand, making it a market leader while optimising the value chain by encouraging local milk production, which currently accounts for only 7.0% of factory needs.

Founded in March 1994, Lactiangol has become, during its 25 years of existence, the main dairy industrial unit in Angola, and is the leading company in its area of activity.

Angola is the main market of the Webcor group, where it operates in partnership with AngoAlissar, one of the largest food distribution companies in the country, present in 12 of the 18 provinces.