//03 Jun 2011
Cargill in Central America has combined its operations with Corporacion Pipasa, a leading poultry and meat processor in Costa Rica and Nicaragua.
The terms of the transaction have not been disclosed and all regulatory approvals have been completed.
Pipasa produces beef, pork, chicken and turkey products in Costa Rica and Nicaragua. The company has five processing plants, four animal feed facilities and 12 distribution centers.
The combination with Pipasa will be an important addition to Cargill’s existing retail-branded business in Central America that processes and distributes chilled and frozen poultry and luncheon meats to large and small food retailers throughout Central America.
“Cargill has been involved in the poultry business in Central America for more than 45 years,” said Bruce Burdett, the leader of Cargill’s operations in Central America. “The combination of Cargill and Pipasa will create a business that will help meet the increased demand for high-quality food in Central America.”
The long-term outlook for poultry, poultry feed and processed meats is strong, Burdett said. As incomes rise in Central America, more people will add more chicken and processed meats to their diets.
Source: Cargill
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