New technology is being trialled on sheep and goat farms
It features advanced technology tailored to bakery, dairy, ice cream, chocolate and confectionery applications, with state-of-the-art equipment.
Upon completion, WK Kellogg Co will become a wholly owned subsidiary of Ferrero, and its shares will be delisted from the New York Stock Exchange.
The agreement will see NewPrinces purchase the infant food brands Plasmon, Nipiol and Dieterba, and specialty food brands Aproten and Biaglut.
South America, home to over 210 million people in Brazil alone, with strong macroeconomic fundamentals and a fast-evolving food industry, represents a high-potential market for Solina.