Brasil Foods Makes Strategic Argentina Buy

Brasil Foods Makes Strategic Argentina Buy

Argentina Brazil M&A

Brasil Foods (BRF) has agreed to a $150m deal for 2 Argentine food producers that, despite its small size, is seen as a strategic move for the food company in terms of both geography and distribution. BRF and a group led by the Minguens family are acquiring Argentine poultry producer and exporter Avex and food products company Flora Danica. Though the buy should only make up 1.5% of Brasil Foods’ expected 2011 revenue of more than BRL20bn ($10.7bn), the poultry producer will gain a strong footho

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