Founded in 1961 by Calisto Tanzi in Parma, Italy, Parmalat grew to become a leading global company in the production of UHT (ultra-high-temperature) milk. The company's business focuses on dairy products, fruit juices, and other food items under various international brands. In 2003, Parmalat collapsed in what became Europe's biggest bankruptcy due to a massive financial fraud scandal. Following a significant restructuring process, the company recovered and was subsequently acquired by the French multinational dairy products corporation Lactalis Group in 2011, under which it continues to operate globally.

Founded in

Italy