SAO PAULO, Oct. 3, 2011 /PRNewswire/ -- BRF – Brasil Foods
S.A. (NYSE: BRFS; BM&FBOVESPA: BRFS3), acting in accordance
within the terms of Instruction No. 358 of the Brazilian Securities
and Exchange Commission (CVM) of January 3,
2002 and § 4 of art. 157 of Act No. 6.404/76, announces that
it has acquired, through its subsidiary in Argentina, corporate control of the company
Avex S.A. and, through this company, has acquired the companies
Flora Danica S.A, and Flora San Luis S.A. and GB Dan S.A.(Grupo Danica), both of which are headquartered
in Argentina.
In line with BRF's strategic plan to internationalize the
company, these acquisitions have a common objective to strengthen
BRF's brands in the Mercosur region, with expansion of portfolio of
products, access to local markets and expansion of export
platform.
The Danica Group has a broad distribution structure for dry and
chilled/frozen products which will allow BRF to complement its
sales and distribution structure, as well as export of products to
the Southern Cone and development of Food Service channel. The
company is the leader in the margarines market (62%) and number two
in sauces (20%).
The company is located in Buenos
Aires and operates with the following main brands: Danica,
Manterina, Vegetalia, Danifesta and Primor. Revenues of
US$ 122.7 million in 2011 and sales
of 68.3 thousand tons, with 689 employees
|
|
Danica –
Industrial units
|
Location
|
Capacity
(ton/month)
|
|
Margarines and Oils
|
Llavallol
|
4,000
|
|
Sauces and Mayonnaise
|
Villa Mercedes
|
6,000
|
|
Pastas and Pastries
|
Avellaneda
|
350
|
|
|
|
|
|
|
Avex is a company located in Rio
Cuarto, Cordoba, and
produces whole, cut, chilled and frozen chicken. Revenues of
US$ 66.8 million in 2010, with 70% of
sales concentrated in the domestic market. Sales amounted to 41.5
thousand tons with 494 employees in total. Avex is the
sixth-largest player in the domestic poultry market, with a market
share of 4% in Argentina.
|
|
Avex -
Industrial units
|
Location
|
Capacity
|
|
Poultry Slaughtered
|
Rio Cuarto, Cordoba
|
750,000
poultry heads /week
|
|
Feed
|
Juarez Celman,
Cordoba
|
40
ton/hour
|
|
Incubator
|
General Deheza,
Cordoba
|
758,800
eggs/week
|
|
Granja de Terminacao/
Termination Poultry Farm
|
Rio Cuarto, Cordoba
|
164,000 own
area
155,700 m2
integrated area
|
|
|
|
|
|
|
Total investments for both acquisitions will amount to
approximately US$ 150 million, with
two third of ownership by BRF and one third by other local
shareholders. Transaction will be supported with BRF´s own
financial resources. Avex will have a shareholders´ agreement, that
it will determine the form of management of the company.
Currently, BRF operates in the Argentinean market with exports
of processed and fresh products, particularly under the Sadia
brand, to distributors, mainly in the Buenos Aires region. The Mercosur project will
bring BRF the opportunity to consolidate its position as a player
in Latin America, with a stronger
brand, access to local clients, and an expanded distribution
structure and broader competitive base for exports.
Leopoldo Viriato Saboya
Chief Financial, Administration and Investor Relations Officer
SOURCE BRF - Brasil Foods S.A.