Italian dairy group Parmalat has revealed plans to expand its baby-food business. CEO Enrico Bondi has identified baby food as a possible way for Parmalat to grow after a year in which milk price hikes boosted profits.

Parmalat has a fledgling baby-food business that sells baby milk in certain markets but the company is looking for growth either through new products or acquisitions, according to a company spokesperson..

Last week, Parmalat issued its 2009 numbers. The company's EBITDA rose ...