WALLINGTON, N.J. -- Parmalat, the international food company with U.S. headquarters here, last week said it would purchase a 22.3% stake in NetGrocer.com, North Brunswick, N.J., for $30 million. The deal, set to close early next month, represents Parmalat's first foray into e-commerce and is believed by industry sources to be the largest ownership stake a food company has taken in an Internet grocery retailer. Executives from the companies told SN the deal would spark brand recognition and ...
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