top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Minerva Foods completes transaction to acquire Marfrig assets
Rafaela Sousa

Rafaela Sousa

29 October 2024

Minerva Foods completes transaction to acquire Marfrig assets

Minerva Foods has finalised the acquisition of Marfrig assets in Brazil following approval from Brazil's antitrust authority (CADE).


The purchase adds 13 cattle and sheep slaughter and deboning plants, along with a distribution centre, to Minerva’s operations. This transaction, valued at BRL 7.5 billion (approx. $1.53 billion), was initially announced in August last year.


The Marfrig deal also includes three cattle slaughter and deboning plants in Uruguay, pending approval by the country's competition authority. In total, the acquisition covers 16 South American plants and a distribution center in Brazil.


The company now has a daily slaughter capacity of 22,336 head across 21 plants in Brazil. As part of the same deal, Minerva is also integrating a cattle slaughter and deboning plant in Argentina and a lamb plant in Chile, adding a daily capacity of 5,978 head in Argentina across six plants and 25,716 head in five lamb plants across Australia and Chile.


The deal expands the company’s reach to international markets, including North America, Europe, the Middle East and Asia, establishing it as the leading beef supplier to China with the most export-authorised plants in the sector.


The new plants strengthen Minerva's ability to meet rising global beef demand through a South American production platform, "maximising the competitive advantages of our continent and expanding opportunities by capturing operational and commercial synergies," said the company.


According to the Minerva, this deal boosts the business' capacity in the global animal protein market, reducing risks and increasing opportunities. It improves the efficiency of cattle production across South America and strengthens the company’s position domestically, making it the region's second-largest beef producer.


Fernando Queiroz, CEO of Minerva Foods, said: "For more than 30 years, we have built a strong track record in the animal protein market, creating connections between people, food, and nature. We are pleased to take another major step in our global positioning, and even more excited to strengthen our team with the new members who will join as a result of the integration of the new plants."


#MinervaFoods #Marfrig #Brazil

Related posts
Danone confirms continued sourcing of soy from Brazil
Dairy

Danone confirms continued sourcing of soy from Brazil

Lesaffre secures majority stake in Biorigin to strengthen its savoury ingredient solutions
Ingredients

Lesaffre secures majority stake in Biorigin to strengthen its savoury ingredient solutions

Monster adds Rio Carnival-inspired NPD to energy drink range
New products

Monster adds Rio Carnival-inspired NPD to energy drink range

Doritos partners with Heinz to launch new ketchup and mustard flavours in Brazil
New products

Doritos partners with Heinz to launch new ketchup and mustard flavours in Brazil

Grupo Bimbo boosts presence in Brazil with Wickbold deal
Mergers & Acquisitions

Grupo Bimbo boosts presence in Brazil with Wickbold deal

Nestlé develops high-yielding Arabica to bolster coffee supply chain amid climate risks
New products

Nestlé develops high-yielding Arabica to bolster coffee supply chain amid climate risks

bottom of page