Arlon Group has purchased a minority stake in dairy company CBL Alimentos (Betânia) in Fortaleza, Brazil.

Betânia produces milk, dairy beverages, and yogurt.

Following the investment, Bruno Martins Silva will join Betânia's board of directors as Arlon's representative.

Betânia CEO and majority shareholder Bruno Girão will continue to head the business.

Girão said: "I appreciate the breadth and depth of Arlon's excellent network in the food and agriculture industries in Brazil and globally.

"Following the investment, Bruno Martins Silva will join Betânia's board of directors as Arlon's representative."

"Their relationships and resources in retail, distribution, and milk production will consolidate Betânia as the leading brand in the Northeast Region." 

Silva said: "Betânia is well positioned in the growing milk industry as the leading regional dairy company.

"We are very excited to partner with Bruno Girão, who built and led the impressive growth and professionalisation of the company.

"Betânia has developed a value-added portfolio, good brand recognition, and a strong supply chain."

Arlon Group is a food and agriculture investment firm with a global network.