Minerva acquisition falls through - leatherbiz: Leading news site for Leatherbiz

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Minerva acquisition falls through

18/01/2017
Brazilian packer and tanning group Minerva has called off the previously announced acquisition of rival group Frisa. Had it gone through, the deal would have made Minerva the second-largest meat company in South America, after JBS.

Minerva said in a statement on January 17 that the contract it had in place to make the acquisition had expired. Due diligence Minerva carried out flagged up the need for Frisa to submit a series of documents. Because Frisa has not sent the documents it said it was cancelling the contract.


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