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.