Minerva Foods buys Uruguay’s BPU Meat for USD 40 mln

Minerva Foods issued a note to the market communicating the purchase of Breeders and Packers Uruguay (BPU Meat) for USD 40 million. The conclusion of the deal is still pending approval by the authorities.

BPU is a subsidiary of the NH Foods Group, based near the city of Durazno, Uruguay. It is one of the most modern meatpackers in South America.

The unit bought by Minerva has a slaughtering capacity of 1,200 cattle per day thanks to its cutting-edge technology, ensuring the highest quality and safety standards for the meat produced and exported in Uruguay.

“The Uruguayan meatpacking company sends approximately 85% of its sales to the international market, particularly to destinations with high-income and demand for premium products, such as Europe, the United States, Japan, South Korea, and China,” the market statement released on January 31 explains.

Minerva Foods in Uruguay

Minerva Foods is now the leader in beef production in Uruguay thanks to its most recent acquisition, with a total slaughtering capacity of 3,700 head of cattle per day, distributed across four slaughterhouses: Pul, Carrasco, Canelones, and, now, BPU.

Uruguay is currently one of the largest global exporters of beef, accounting for approximately 5% of the market. The country is recognized globally for the tradition and quality of its products as well as its access to important consumer markets.

Source: Money Times

To read the original reporting, please see: https://www.moneytimes.com.br/minerva-foods-beef3-assina-contrato-para-aquisicao-da-bpu-meat-por-us-40-milhoes/

Sharing is caring!