3rd largest exporter in Brazil, reaching more than 120 countries.
Restructuring of the Dairy Division (Commercial, Logistics, Management/Controls);
Sale/Sale of the Dairy Business;
Transfer of the “spin off” to the new buyer.

Operational Logistics Design Review
Change in the Sales and Inventory Flow with cost reduction and improvement in the level of services (losses, inventories and storage and transport)
Implementation of the Distributor and Representative Development Program
For sale/sale of the dairy business: Management presentations; Website visits; Data room and Due Diligence; Review of Operational Processes; Costs and Savings; Memorandum of Understanding; Negotiation of Contracts; NewCo drawing.

Ebitda in was BRL 23.8 MM, at entry into the company it was with Ebtida = (-R$0.6 MM)
Growth in direct sales volume from 6 thousand ton/month to 25 thousand ton/month;
Reduction of operating costs (approx. 45 million per year in freight and storage);
Better control in S&OP
32 interested in buying the business; 7 non-binding proposals; Final proposal of BRL 1.8 billion (13.7x 2013 ebitda) for 100% of the Dairy Business. 65% increase vs. first offer. 2013 market multiple = 9.6x. Historical transaction multiple = 11.1x
Signing of MoU (Memorandum of Understanding) for negotiation of contracts.