FLORENCE, ITALY – The merger by incorporation deed between CLF, Centrale del Latte di Firenze, Pistoia e Livorno SPA, and CLT, Centrale del Latte di Torino & C SPA, was signed last week, effective from September 30, 2016.
The merger is included within the wider growth strategy for external lines of the two companies and is aimed at creating an inter-regional hub facility specialising in the production and sale of milk and dairy products, bringing together local situations and brands with the same fundamental values, such as quality, safety, a local dimension, continuing relations with the stock rearing and food production chain of the regions involved, giving birth to Italy’s third milk and dairy hub, which will be named CLI, Centrale del Latte d’Italia SPA.
Furthermore, another deed was signed today, according to which CLI will transfer the Mukki Company (currently controlled by CLF) into a new company, wholly owned by CLI, with registered and operating office in Florence, Via dell’Olmatello 20, named Centrale del Latte della Toscana, with a share capital of 24,830,000.
This transaction will become effective immediately after the effective date of the merger. The aim of this transaction is to guarantee equity consolidation, to safeguard the production facility and current levels of employment of the present CLF company which is an important institutional presence locally.
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I am very wary of mergers being an American the bigger the company the more greed sets in and the cows and the people who milk them get put at the bottom and suffer! I am back in the states for a while and my digestive track has under gone a major assault eating all the terrible food filled with poisons. You never realize how important the food you eat is until it is all gone. It is do important for Italy to stay true to its high food standands!