Last month BRF, which claims to be the world’s 10th-largest food business, completed the takeover of Argentinian meat processor Calchaquí. Less than a month later the multinational corporation has confirmed its acquisition of yet another meat company in South America.
This time it is the various pork production assets of Brazilian business Globosuínos that caught the interest of BRF. The assets include a piglet production facility in the city of Toledo, in the southern state of Paraná. BRF will also gain ownership of the company’s existing livestock which stands at roughly 7,500 sows.
The ink is not yet dry on the deal, as BRF still needs to comply with regulatory conditions set forth by the Administrative Council for Economic Defence – a Brazilian agency that inspects corporate competition and economic power abuse.
If all goes according to plan, as BRF expects it will, the acquisition will cost BRL$20.2 million ($5.6m).
The City of Toledo is in the same municipality in which BRF operates one of its largest pork processing plants. The company was not available to comment further.