Minerva’s Acquisition of Marfrig Plants Receives Regulatory Approval

São Paulo, September 2024 – Minerva Foods, one of South America’s largest meat processors, has successfully received regulatory approval for its highly anticipated acquisition of several key processing plants from Marfrig Global Foods. The deal, valued at approximately $1.5 billion, marks a significant step in Minerva’s ongoing expansion strategy, reinforcing its position as a leading player in the global protein market.

This acquisition, which includes plants located across Brazil, Uruguay, and Argentina, further strengthens Minerva’s operational capacity in the region.

The regulatory green light came after months of scrutiny by Brazilian and international competition authorities, ensuring that the deal aligns with market fairness and antitrust regulations.

Fernando Galletti de Queiroz, CEO of Minerva Foods, expressed enthusiasm over the deal’s finalization. “This acquisition allows Minerva to boost its production capacity while enhancing our footprint in key markets. It also provides us with the opportunity to innovate and increase our commitment to sustainability in the meat sector.”

The plants acquired from Marfrig are renowned for their state-of-the-art technology and strategic location, giving Minerva a competitive edge in export markets such as China and the Middle East.

For Marfrig, the sale of these assets allows the company to focus on other strategic areas, including its North American operations and diversification into plant-based proteins.

Industry analysts see the approval as a pivotal moment in the global meat industry’s consolidation, particularly in Latin America, where Minerva’s expanded capacity is expected to increase competitive pressure on other major players like JBS. The acquisition is expected to contribute to Minerva’s growth and profitability in the coming years.

As the deal moves towards its final stages of integration, Minerva is set to further establish itself as a global leader in the beef industry, with a firm focus on sustainability, operational efficiency, and international market growth.

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