Parmalat

Intro and history: Parmalat is an Italian multinational dairy and food corporation. Founded in 1961 by Calisto Tanzi, the company has grown to become a global leader in the production and distribution of foods that are essential for everyday wellness. Parmalat is known for its long-life milk innovation and is a leading player in the global market. Despite facing a financial crisis and bankruptcy in 2003, the company has managed to recover and continue its operations. Industry: Food and Beverage Product, Services and Operations: Parmalat specializes in dairy products and fruit juices, offering a wide range of products including milk, yogurt, cheese, and juice. The company operates in three business segments: Milk, Dairy Products, and Fruit Beverages. Funding Details: As a publicly-traded company, Parmalat's funding comes from its shareholders. The company was relisted on the Milan Stock Exchange in 2005 after its financial crisis. Acquisitions: Parmalat has made several acquisitions over the years, including the Italian dairy company Centrale del Latte di Roma in 2016 and the American company Kraft Foods' Canadian dairy division in 2012. Awards and Achievements: Parmalat has received numerous awards for its quality products and innovative practices, including the Product of the Year award in South Africa in 2017 for its Steri Stumpie flavoured milk drink. Please note that the information provided is based on available resources and may vary.