November 5, 2007

Eleva Alimentos, Perdigao merge to create Brazil's biggest meatpacking firm

Two Brazilian meat conglomerates have joined forces to create Brazil's largest meatpacking company, with expected combined revenue of US$5.2 billion.

Poultry and pork giant Perdigão SA has merged with Eleva Alimentos SA. The venture will have Perdigão upstage its giant rival Sadia.