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BRF Buys Argentine Companies

05 October 2011

ARGENTINA - Meat, poultry and food processor Brasil Foods has acquired Avex S.A. and the companies Flora Danica S.A, and Flora San Luis S.A. and GB Dan S.A.(Grupo Danica) both of which are headquartered in Argentina, through its subsidiary in Argentina.

In line with BRF's strategic plan to make the company more international, Brasil Foods said that the acquisitions have a common objective to strengthen BRF's brands in the Mercosur region, with expansion of portfolio of products, access to local markets and expansion of export platform.

The Danica Group has a broad distribution structure for dry and chilled/frozen products which will allow BRF to complement its sales and distribution structure, as well as export of products to the Southern Cone and develop its Food Service channel.

The company is the leader in the margarines market with a 62 per cent share and number two in sauces with a 20 per cent share.

The company is located in Buenos Aires and operates with the following main brands: Danica, Manterina, Vegetalia, Danifesta and Primor.

It had a revenue of US$122.7 million in 2011 and sales of 68.3 thousand tons and employs 689 staff.

TheMeatSite News Desk

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