BRAZILIAN meat processor Minerva has continued its recent expansionary mood, this week announcing plans to secure a large Uruguayan beef processor from its Japanese owners.
Minerva has made a non-binding offer for the assets of Breeders and Packers Uruguay (BPU), a subsidiary of Japanese meat giant NH Foods, which also holds significant processing assets in Australia. The transaction is subject to a due diligence process expected to be wound up by the end of 2022.
BPU’s single processing facility in Uruguay has capacity for 1200 head per day, and is regarded as one of the more modern…
