Minerva foods completes acquisition of Marfrig asset - leatherbiz: Lea Leatherbiz

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Minerva foods completes acquisition of Marfrig assets

01/11/2024
Minerva Foods has finalised its acquisition of key assets from Marfrig Global Foods, enhancing its position in the South American meat processing industry. The deal, which includes processing plants and distribution centres in strategic locations, strengthens Minerva's operations in Brazil, Argentina, and Uruguay.

The acquisition, first announced earlier this year, has received all necessary regulatory approvals. According to CEO Fernando Galletti de Queiroz, the integration of Marfrig's assets is expected to improve supply capabilities and operational efficiency.

Minerva, a significant exporter of fresh meat in South America, anticipates that the acquisition will enhance its export capabilities to markets in Asia, Europe, and the Middle East. The company also plans to implement environmentally friendly practices at the newly acquired facilities.

Industry analysts view the acquisition as a strategic response to rising global protein demands and ongoing trends in market consolidation within the meat processing sector.






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