- Parmalat SpA is a multinational Italian dairy and food corporation
Parmalat Net worth 2024 (estimated)
| | How much is Parmalat worth? | Under review
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Parmalat facts
- Having become the leading global company in the production of long-life milk using the ultra-high-temperature (UHT) process, the company collapsed in 2003 with a €14 billion ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy
- Since 2011, it is a subsidiary of French group Lactalis
- Today, Parmalat is a company with a global presence, having operations in Europe, America, Australia, China, and South Africa
- Still specializing in UHT milk and milk derivatives (varieties of yogurt, cheese, butter, ice cream, etc
- ), the group also has an interest in fruit juices
- These products are distributed under brand names such as Lactis, Santal, Malù, and Kyr
- Its worldwide operations include almost 140 production centres and some 16,000 employees, while 5,000 Italian dairy farms are dependent on the company for the bulk of their business
- Its shares are listed on the Borsa Italiana
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