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
Barry Simpson is stepping down from his position as chief platform services officer and senior vice president at the Coca-Cola Co. Mr. Simpson will leave the role Sept. 30, but he will remain in a senior advisory role until February 2023.
McCain Foods finalized its acquisition of Scelta Products, Kruiningen, Netherlands, for an undisclosed sum on Sept. 8. A maker of frozen, vegetable-based snacks, Scelta’s product line of breaded mushrooms, onion rings, and cauliflower fries joins McCain’s growing portfolio of prepared vegetable appetizers.
Plant-based, pumpkin spice, oat milk — these are just a few of the new food-related words added to the Merriam-Webster Dictionary this year. While these words are hardly new to the vernacular (especially pumpkin spice — why did that take so long?), they are only now deemed to have the “clear and sustained evidence of use” required for dictionary inclusion.
