• Categories
  • Archives

Brazil’s Major Meat Exporter Buys Meatpackers from Argentina and Uruguay

Brazilian cattle Brazilian company Marfrig FrigorÀ­ficos e Comércio de Alimentos S.A., one of the largest producers of meat and meat products in Latin America, has reached an initial agreement to buy 70.51% of the shares of Quickfood S.A. from its controlling shareholders and 100% of the Capital Stock of Establecimientos Colonia S.A., a Uruguayan company controlled by the same group.

Quickfood has been listed on the Buenos Aires Stock Exchange as PATY since 2002. In the event that the acquisition is confirmed Marfrig informs that it does not have plans to acquire the remaining free float of Quickfood and that it does not have any statutory obligation to do so.

Marfrig has also established, through its subsidiary in Argentina, Argentina Breeders & Packers S.A., protocols of agreement for potential acquisition of the full capital stocks of Best Beef S.A. ("Vivorata"), located in Vivorata, province of Buenos Aires, owned by Newtabi Sociedad Anonima and Perez Santiago Martin.

The company is also in the process of buying Estancias del Sur S.A. (EDSA and including REXCEL S.A.), owned by Machir Bay S.A. and Wilman Investimentos S.A. The value of the potential acquisitions amounts to USD 266.8 million, subject to adjustments.

Quickfood is the leading beef processing company in Argentina. Its main activities include the slaughter, production, processing and exportation of beef and bovine by-products.

Colonia's main activities include the slaughter, production, processing and exportation of beef and bovine by-products, and it also produces hamburgers under the PATY hamburger brand in Uruguay.

Vivorata has slaughter capacity of 800 head/day and processing capacity of 15 tons/day of cooked beef and hamburgers sold under the brand names Lola and Lolita.

EDSA has slaughtering capacity of 1,000 head/day and is located in the city of Cordoba.

Tags:

  • Show Comments (1)

  • antonio loureiro

    v.p. operations
    we are the biggest importer in the u.s.a. of brazian food products,please send us information about importing argentian beef.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Lack of Education Brought Brazil a Communist President

Back to the English language issue. I feel deep sorrow for the monoglot. When ...

Astral Convergence

Rancharia is 1 of 49 special projects in the state of Bahia supporting 2,250 ...

Where the Sun Never Sets

The Northeast is a land of contrasts: the very rich and the very poor, ...

Robots Roam Where Humans Can’t Go in Brazil’s Amazon

In an area of approximately 370 square kilometers (143 square miles) of Amazon rain ...

Sí£o Paulo, Brazil, 451 Today, Is an Ethnic Powerhouse

The city of São Paulo celebrates today 451 years of history. From the school ...

Super Cautious, Brazil’s Chancellor Says Ball Is at EU’s Court

Progress in trade talks at the 6th Ministerial Meeting of the World Trade Organization ...

Lula reaches to the crowd during political rally in Brazil

Brazilian Elections: Does Lula Deserve to Win?

President Luiz Inácio Lula da Silva has managed to keep his distance from the ...

Brazil Puts on Show of Beauty and Culture at Beautyworld Middle East

Brazil wants to attract attention at Beautyworld Middle East, a beauty, cosmetics and perfumery ...

Want Democracy? Fight Misery, Brazil Tells the U.S

When the U.S. Secretary of State, Condoleezza Rice, brought to the OAS meeting that ...

Brazil’s Lula to Tell Obama: Americas Are Big Family with Cuba and Venezuela

Luiz Inácio Lula da Silva, the President of Brazil and the first Latin American ...