Italian company producing dairy products, juice, and tea
Parmalat S.p.A.
Company type
Società per azioni
Industry
Food processing
Founded
1961; 63 years ago (1961)
Founder
Calisto Tanzi
Headquarters
Collecchio, Italy
Key people
Jean-Marc Bernier (CEO)[1]
Products
Milk and dairy products, fruit juice, tea
Revenue
€6.416 billion (2015)[2]
Operating income
€276.9 million (2015)[2]
Net income
€145.8 million (2015)[2]
Number of employees
27,596 (end 2015)[2]
Parent
Lactalis
Website
parmalat.com
Parmalat S.p.A. is an Italian dairy and food corporation which is a subsidiary of French multinational company Lactalis. It was founded by Calisto Tanzi in 1961.
Having become the leading global company in the production of long-life milk using ultra-high-temperature processing, the company collapsed in 2003 with a €14bn ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.[3] Since 2011, it has been a subsidiary of French group Lactalis (with fuller control since 2019). Today, Parmalat is a company with a global presence, having operations in Europe, North America, South 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 sells fruit juices distributed under the brand names Lactis, Santal, Malù, and Kyr. Its worldwide operations include almost 140 production centres and some 16,000 employees, with 5,000 Italian dairy farms supplying it. Its shares were listed on the Borsa Italiana.
^Cite error: The named reference Radiocor2019 was invoked but never defined (see the help page).
^ abcd"Annual Report 2015" (PDF). Parmalat. Archived from the original (PDF) on 18 July 2018. Retrieved 27 April 2016.
^"Italian dairy boss gets 10 years". BBC News. 18 December 2008. Retrieved 29 December 2013.
Parmalat S.p.A. is an Italian dairy and food corporation which is a subsidiary of French multinational company Lactalis. It was founded by Calisto Tanzi...
corporation Parmalat collapsed with a €14 billion ($20bn; £13bn) hole in its accounts, in what remains Europe's biggest bankruptcy. The Parmalat bankruptcy...
largest food products group in France, behind Danone. It owns brands such as Parmalat, Président, Siggi's Dairy, Skånemejerier, Rachel's Organic, and Stonyfield...
businessman and convicted fraudster. He founded Parmalat in 1961, after dropping out of college. Parmalat collapsed in 2003 with a €14bn ($20bn; £13bn)...
Winners' Cup. Financial troubles were brought about in late 2003 by the Parmalat scandal which caused the parent company to collapse and resulted in the...
Parmalat Fútbol Club was a Nicaraguan football team that played at the top level. It is based in Managua. They played several seasons in the Primera División...
dairy giant Parmalat was caught in a multibillion-euro accounting scandal, culminating in the arrest of the owner Calisto Tanzi. Parmalat CFO Fausto Tonna...
Steve. "Parmalat: A disaster, but no Enron". MarketWatch. Retrieved 2019-09-29. Tran, Mark; agencies (2004-02-17). "Police net widens on Parmalat family"...
deals with brands such as Arisco, Duracell, Gillette, Kaiser, Marlboro, Parmalat and Sadia, in addition to backing from Unibanco, to fund Pedro's career...
several divestments was sold to Parmalat Canada in 1997. In 2011, Groupe Lactalis acquired Parmalat, therefore making Parmalat Canada a subsidiary of the Toronto-based...
The Parmalat Cup was a football tournament for clubs that was played five times in the 1990s. It was first held in 1993, and ran for four consecutive years...
Mother's and Archway brands to Parmalat Finanziaria, a division of Parmalat, for a reported US$250 million. In 2005, Parmalat (plagued by scandals and bankruptcy...
known as Prince of Wales Museum). Parmalat SpA is a multinational Italian dairy and food corporation. Following Parmalat's 2003 bankruptcy, the company sued...
the Ca-Ju derby. On May 25, 1993, Juventude signed a partnership with Parmalat, bringing more investment to the club. On December 4, 1994, Juventude won...
1997, Beatrice Foods Canada was acquired by the Italian conglomerate Parmalat. Parmalat initially dropped the Beatrice name from its products but the name...
processing concerns. In 1997 Beatrice Foods Canada was acquired by Parmalat. At first, Parmalat dropped the Beatrice name from the company's products, but reinstated...
unknown Gilles Villeneuve in a third car at the Canadian Grand Prix. Joining Parmalat-sponsored Brabham-Alfa Romeo in 1978 for a $1 million salary, Lauda endured...
1983–84 and 1984–85 seasons. Following that, the club was sponsored by Parmalat and Otaysa before a long-term deal was signed with Teka in 1992. In 2001...
business, including the Cracker Barrel, P’tit Quebec and aMOOza! brands to Parmalat for C$1.62 billion. In September 2020, Kraft Heinz reached a deal to sell...
rpm Fuel Fina Agip Tyres Goodyear Competition history Notable entrants Parmalat Racing Team Notable drivers 01. Niki Lauda 02. John Watson 66. Nelson Piquet...
ill-health. Most notably, he took charge of Parmalat and its subsidiaries during the crisis that followed the Crac Parmalat in the early 2000s. This was a period...
investors already nervous following the collapse of Italian dairy group Parmalat, shares in Adecco – which placed 650,000 people on assignment each day...
Foods, Arla Foods, Dairy Farmers of America, Kraft Foods, Saputo, and Parmalat. In the 2008 Chinese milk scandal, adulteration with melamine was found...
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