Sector News

BRF aquires Argentina's Calchaqui

March 23, 2016
Food & Drink

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

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