March 21, 2007

Brazil's Perdigao acquires local meat processor
 

Brazilian meat processing giant Perdigao is to buy local meat processor Sino dos Alpes Alimentos for R$8.5 million or US$4.1 million.

Sino dos Alpes Alimentos, based in Bom Retiro do Sul municipality, in the country's southernmost Rio Grande do Sul state, is owned by Italian food company Grandi Salumifici Italiani (GSI).

The acquisition of of Sino dos Alpes--currently with 191 workforce--is expected to increase Perdigao's presence in Rio Grande de Sul as the plant's location is adjacent to its meat processing plants in Marau and Serafina where production is geared towards exports and animal feed production.

Last year, Marau and Serafina Correa produced more than 242,800 metric tonnes of meat and meat products.

Perdigao also signed a memorandum of understanding with GSI for the exchange of meat processing and packaging technology between the two companies, as well as an agreement for mutual sales and marketing of their products.