Brazilian Cookie Maker adds Peer

Brazilian food products company M. Dias Branco has agreed to buy Moinho Santa Lucia, it says, for up to BRL90m ($45m). It will pay BRL45m up front, followed by BRL27m over the next 6 years, and BRL18m at the end of the 6-year period. The transaction is subject to shareholder approval. M. Dias did not use an outside advisor, a company official says. Santa Lucia, a cookie and wheat products specialist, is based in the Northeastern state of Ceara.