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

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.