Brazilian company buys Chilean abattoir
Leading Brazilian meat industry group Marfrig has acquired an abattoir in Tierra del Fuego belonging to a group of cattle farmers from Magallanes Regio
Leading Brazilian meat industry group Marfrig has acquired an abattoir in Tierra del Fuego belonging to a group of cattle farmers from Magallanes Regio. The purchase involved US$8.5m.
"It's a common commercial operation; markets are solid and with so many plants competition is healthy and balanced", said Mario Vega president of the Magallanes Cattle farmers Association, Asogama.
The Patagonia abattoir is located in Porvenir and had been purchased several years ago for US$2.5m by a group of local farmers to the Chilean System of government companies, SEP.
The Marfrig group has a network of nine abattoirs in Brazil and has recently expanded to Argentina, Uruguay and Paraguay. The Patagonia abattoir has a slaughter capacity of 300.000 heads per year.
Vega said that farmers should not be concerned because a "new partner with other expectations and views, can only be positive for the region".