Positive results and new partnership for Minerva
Brazilian meatpacker Minerva closed the first half with export revenues of $346.8 million, a 43.3% increase compared with the same period in 2007.
The company also announced that is now controlling Paraguayan firm Friasa SA, which operates an industrial meatpacking unit with a slaughter capacity of 700 head per day. The acquisition cost $4million and involved the purchase of 70% of Friasa's shares. This is the start of Minerva's expansion within the Mercosur region.