PROJECT

Projects

Summary of Investment Information

Project Number

47068

Company Name

Alvoar Lacteos S.A.

Date SPI Disclosed

Mar 28, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 30, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 18, 2025

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 30, 2023
Signed : Oct 18, 2023
Invested : Nov 16, 2023

Sector

Dairy Products

Project Description

The proposed investment consists of a common equity investment of up to BRL160 million in Alvoar Lacteos (“Alvoar” or the “Company”), to support the Company’s expansion program, which includes the installation of new equipment, renovation of existing industrial units, construction of a new unit for cheese production and E&S improvements.

Founded in January 2022, Alvoar is the company resulting from the merger of Betania Lacteos S.A. (“Betania”), a leading dairy producer in the Northeast of Brazil, and Embare Indústrias Alimentícias S.A. (“Embare”), a dairy producer with a strong industrial presence in the Midwest of Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation