October 6, 2011

Brasil Foods buys Avex

Brasil Foods SA has dominated corporate control of Rio Cuarto, Cordoba-based Avex SA, in its acquisition of the major producer of whole, cut, chilled and frozen chicken, through its subsidiary in Argentina.

In 2010, Avex reported revenues of US$66.8 million, with 70% of its sales in the domestic market. Sales amounted to 41.5 thousand tonnes produced; 494 employees work at the company. Avex is the sixth-largest player in the domestic poultry market, with a market share of 4% in Argentina. Avex has the capacity to slaughter 750,000 heads of chicken per week.

Brasil Foods operates in the Argentinean market and exports processed and fresh products, mostly under the Sadia brand, to distributors in the Buenos Aires region.