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Minerva Foods Acquires Marfrig's South American Beef and Lamb Processing Plants

Aug. 29, 2023
Acquisition of 17 beef and lamb slaughter, deboning and distribution facilities nearly doubles the size of Brazilian meat company Minerva Foods.

Minerva Foods will acquire Marfrig's cattle slaughtering and deboning plants in South America for approximately US$1.54 billion (BRL 7.5 billion), according to a release from the company. The acquisition will allow Minerva Foods to expand cattle slaughter and deboning capacity to more than 42,000 head per day, an increase of approximately 44% from current levels.

Minerva Foods will become the second-largest producer of beef in South America after the transaction, which is subject to analysis and approval by the respective competition authorities.

Minerva Foods will acquire 11 plants and one distribution center in Brazil, one industrial unit in Argentina, and three other plants in Uruguay, as well as one lamb plant in Chile. That will expand the company’s network of facilities to 40 cattle slaughter and deboning plants, with 21 in Brazil, five in Paraguay, six each in Argentina and Uruguay, and two in Colombia.

For lamb processing, Minerva Foods now has five plants and can process nearly 26,000 head per day — but the Chilean plant is the first lamb plant for the company in South America (with four facilities in Australia prior to this transaction).

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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