BRAZILIAN beef giant Minerva has bought some of South American competitor, Marfrig’s meat processing facilities, in a deal worth US$1.54 billion (about A$2.4 billion).
The deal involves 16 of Marfrig’s beef and lamb processing facilities, in a deal that will significantly change the company’s profile in South America.
Headquartered in São Paulo, Marfrig is the second largest Brazilian food processing company, and world’s second largest beef processor, after JBS. The company has an operational presence in 22 countries, exporting to more than 100. It also controls 51pc of US-based…
