Minerva will become the second largest beef processor in Brazil

The significant deal includes 11 plants and a distribution center in Brazil, one “industrial unit” in Argentina, three plants in Uruguay and a lamb plant in Chile.

Minerva aims to use these acquisitions to diversify the protein industry and strengthen its position in high value-added niche markets. The acquisition will allow Minerva to increase its cattle slaughter and deboning capacity to 42,439 head per day, representing a 44% increase over its current capacity of 29,540 head.

This acquisition is a decisive step in Minerva's strategy to expand its geographic presence, improve operational efficiency and enter new markets. According to Fernando Queiroz, CEO of Minerva Foods, the acquisition “uniquely complements our operations in South America, which is one of the most competitive markets in the world.” The company plans to use its new assets to expand its competitiveness in the international animal protein market, reduce risks and maximize commercial opportunities.

The acquisition will make Minerva the second largest beef processor in Brazil, with 40 cattle slaughter and deboning facilities, including 21 in Brazil, five in Paraguay, six in Argentina, six in Uruguay and two in Colombia. Meanwhile, its lamb business will have five plants, including a new facility in Chile. The transaction is subject to review and approval by the relevant antimonopoly authorities.

Overall, this acquisition is an important strategic move for Minerva, which is well positioned to leverage its new assets to expand its presence, improve its product offering and enter new markets. With a strong focus on operational excellence and international expansion, Minerva is poised for continued growth in the coming years.