Thursday, October 6, 2011

Brasil Foods buys stake in Argentina poultry suppliers

Poultry exporter Brasil Foods has bought the controlling stake of Argentina food group Danica and has acquired a share in Argentina poultry producer and exporter Avex.
The value of the deal includes a project to expand both Avex's and Danica's production units, as well as their distribution capacity, according to BRF. "This decision represents a unique opportunity...to create a big exporting basis in Argentina," said BRF President Jose Antonio Fay. BRF's acquisitions totaled roughly $150 million. 

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