During the month of August, CFT Group, an Italian based company leader in manufacturing plants and complete lines for the processing and packaging of Food and Beverage products, has signed a preliminary contract regarding the acquisition of the minority stake in MILK PROJECT, for 40% of its capital, with the right to acquire its majority in 2019.
MILK PROJECT is an Italian based company with a strong know-how and experience in engineering a wide range of solutions for the Milk & Dairy sector.
MILK PROJECT offers advanced turnkey plants and single machines able to meet different customers’ requirements: from the treatment of raw material-milk, through to the different steps of cleaning, skimming, cooling, pasteurization, coagulation, molding, ripening as well as the complete packaging of the final product.
The Milk & Dairy sector is indeed significantly growing: Global Cheese Market is expected to reach $164,338 million by 2023, from $136,283 million in 2016, growing at a CAGR of 2.7% from 2017 to 2023.
Through this acquisition, the most recent in a long series, CFT Group Management intends to further expand its product portfolio, by guaranteeing its customers an ever-increasing level of excellence whilst further consolidating its position on the Liquid Food processing sector, with a special focus on the Milk & Dairy market.
Daniele Toni