Australian Lamb Company boning room
BRAZILIAN meat processing giant Minerva Foods has made its first investment in processing operations in Australia’s eastern states, reaching agreement to purchase the Australian Lamb Co (ALC) processing and exporting business in Victoria.
Operating through its local entity joint-venture Minerva Foods Australia, the company will take 100 percent of the issued shares in ALC, subject to the satisfaction of certain conditions in the sale agreement.
Minerva Foods Australia is ultimately owned under a joint venture 65pc of which is held by South American…
