BRF, one of the largest food companies in the world, entered into a purchase and sale agreement providing for the acquisition of all the shares of Alimentos Calchaquí Productos 7 S.A. Calchaqui is a traditional Argentine company, reference in the cold region of the market, and owns leading brands such as Calchaqui and Bocatti.
The acquisition of the Calchaqui brand reinforces the expansion of BRF, which has been intensified two years ago. In Argentina, as well as Sadia, traditional brands are marketed as Paty and Vienissima, local leaders in beef and sausage burgers respectively.
Currently, BRF holds six production plants in Argentina that target in accelerating the process of integration of local operations to global production platform. The company will maintain investments to increase production capacity and employment generation, as well as position the country as a competitive hub for the production of food in the international arena.
Last year, the company announced a binding proposal for the acquisition of Argentinian firm Campo Austral, in an investment of US$ 85 million. In the same period, investments were made in the order of US$ 16 million and $ 5.4 million to expand the production capacity of a poultry slaughtering plant in Rio Cuarto in the province of Córdoba, and the line of sausages and cold localized unit in Baradero, province of Buenos Aires, respectively.
The operations of BRF Latam represent about 6.6% of total sales of the company’s business, with revenue equivalent to R$ 2.132 million in 2015.
Source: BRF
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
