Duravant has announced the formation of Duravant Brazil, coinciding with the company’s acquisition of a majority stake in BVSP.
The North America-headquartered company operates across 13 countries, serving customers in over 190 countries worldwide. Its new subsidiary company, Duravant Brazil, is a sales and service entity that will centrally support customers across multiple brands, expanding Duravant’s global footprint.
Petros Diamantides, Duravant’s COO of emerging markets, said: “Brazil is the second largest global market for poultry production, and Duravant’s investment to build a sales and service infrastructure in the region advances our commitment to directly support our global food processing customers.”
Diamantides continued: “Our new entity in Brazil will also leverage Duravant’s portfolio of world-class brands, products and services to expand our local reach into more diverse end markets.”
The announcement coincides with Duravant’s majority stake acquisition in BVSP, a manufacturer of parts and components for processing machinery and an aftermarket service provider for poultry processing lines.
Fabio Figueiredo, Duravant Brazil’s managing director, commented: “The acquisition of BVSP immediately strengthens our ability to offer local spare parts and deploy a technical service and support team with the experience and talent our customers can depend on”.
BVSP currently operates in three sites and plans to expand its manufacturing capabilities. Vinicius Cuchiara dos Santos, GM of BVSP, added: “We’re very excited about our new partnership with Duravant. Their impressive history of growth and innovation is a reflection of their customer-centric culture, which aligns perfectly with our service philosophy and commitment to the Brazilian market.”
Financial terms of the deal were not disclosed.
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