//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
Showing posts with label acquires. Show all posts
Showing posts with label acquires. Show all posts
07 June 2011
CP Pokphand acquires integrated livestock leader in Vietnam
//03 Jun 2011
CP Pokphand (CPP), a Chinese provider of animal nutrition solutions in the food industry, will acquire a 70.82% interest in CP Vietnam Livestock Corporation (CPVL), a leading integrated livestock and aquaculture company in Vietnam.
CPP will acquire the interest from the Bangkok, Thailand-based Charoen Pokphand Group (CPG), its majority shareholder, for about HK$4,735 million (US$609 million).
CPP is the investment arm in China of this same Charoen Pokphand Group, and is known in China as ‘Chia Tai’, CPP and its subsidiaries have been investing and working in China since the country first opened its doors to foreign investment in the late 1970s.
Unique opportunity
As one of the largest corporate acquisitions in Vietnam, the deal represents a unique opportunity for CPP to acquire a controlling stake in a market leader and expand into one of the fastest growing feed and farming markets in South East Asia. The acquisition enables CPP to broaden and diversify its business base.
Established in Vietnam in 1993, CPVL’s integrated livestock and aquaculture businesses span the entire food production value chain, from the manufacturing and distribution of animal feed, to breeding and farming of livestock and aquatic animals, as well as processing and production of meat and food products.
CPVL commands a leading position with approximately 20% of commercial feed market, 77% of industrial swine farming markets and 30% of broiler farming markets in Vietnam. For the year ended 2010, CPVL recorded an audited total revenue and net profit of VND20,077,880 million (US$1,046.5 million) and VND964,584 million (US$50.3 million), respectively.
Related websites:
Charoen Pokphand Group
CP Charoen (Chia Tai)
CP Pokphand (CPP), a Chinese provider of animal nutrition solutions in the food industry, will acquire a 70.82% interest in CP Vietnam Livestock Corporation (CPVL), a leading integrated livestock and aquaculture company in Vietnam.
CPP will acquire the interest from the Bangkok, Thailand-based Charoen Pokphand Group (CPG), its majority shareholder, for about HK$4,735 million (US$609 million).
CPP is the investment arm in China of this same Charoen Pokphand Group, and is known in China as ‘Chia Tai’, CPP and its subsidiaries have been investing and working in China since the country first opened its doors to foreign investment in the late 1970s.
Unique opportunity
As one of the largest corporate acquisitions in Vietnam, the deal represents a unique opportunity for CPP to acquire a controlling stake in a market leader and expand into one of the fastest growing feed and farming markets in South East Asia. The acquisition enables CPP to broaden and diversify its business base.
Established in Vietnam in 1993, CPVL’s integrated livestock and aquaculture businesses span the entire food production value chain, from the manufacturing and distribution of animal feed, to breeding and farming of livestock and aquatic animals, as well as processing and production of meat and food products.
CPVL commands a leading position with approximately 20% of commercial feed market, 77% of industrial swine farming markets and 30% of broiler farming markets in Vietnam. For the year ended 2010, CPVL recorded an audited total revenue and net profit of VND20,077,880 million (US$1,046.5 million) and VND964,584 million (US$50.3 million), respectively.
Related websites:
Charoen Pokphand Group
CP Charoen (Chia Tai)
30 May 2011
Aviagen acquires Ross Breeders Anadolu
//30 May 2011
Aviagen has completed the transition of Ross Breeders Anadolu from a Joint Venture to a wholly-owned Aviagen company.
Ross Breeders Anadolu, based in the Central Anatolian region of Turkey, was formed in August 1999 as a Joint Venture between Aviagen and Supreme Foods of Saudi Arabia, part of the Dabbagh Group. In order to meet both companies’ long-term business strategies, Aviagen has now acquired the Supreme Foods shareholding.
Supreme Foods continue to be a very important Ross Parent Stock (PS) customer in the Kingdom of Saudi Arabia.
The acquisition includes the Kalecik PS hatchery, built in 2001, which has since supplied over 32 million chicks to the Turkish market, and a diagnostic laboratory, established in 2003 and accredited by the Turkish Ministry of Agriculture and Rural Affairs. Stephen Jones will continue to be the General Manager of the company and all existing personnel will remain with the business.
Commenting on the acquisition, Tom Exley, Aviagen’s VP of International Business said: "Ross Breeders Anadolu has been a success story in the Turkish market with Ross products being the market leader for many years. We are delighted to welcome Ross Breeders Anadolu to the Aviagen Group and this acquisition allows us to continue to develop our understanding and relations with the Turkish market, therefore gaining a better understanding of their needs so we can provide them with the best possible products, supply and service.”
Source: Aviagen
Aviagen has completed the transition of Ross Breeders Anadolu from a Joint Venture to a wholly-owned Aviagen company.
Ross Breeders Anadolu, based in the Central Anatolian region of Turkey, was formed in August 1999 as a Joint Venture between Aviagen and Supreme Foods of Saudi Arabia, part of the Dabbagh Group. In order to meet both companies’ long-term business strategies, Aviagen has now acquired the Supreme Foods shareholding.
Supreme Foods continue to be a very important Ross Parent Stock (PS) customer in the Kingdom of Saudi Arabia.
The acquisition includes the Kalecik PS hatchery, built in 2001, which has since supplied over 32 million chicks to the Turkish market, and a diagnostic laboratory, established in 2003 and accredited by the Turkish Ministry of Agriculture and Rural Affairs. Stephen Jones will continue to be the General Manager of the company and all existing personnel will remain with the business.
Commenting on the acquisition, Tom Exley, Aviagen’s VP of International Business said: "Ross Breeders Anadolu has been a success story in the Turkish market with Ross products being the market leader for many years. We are delighted to welcome Ross Breeders Anadolu to the Aviagen Group and this acquisition allows us to continue to develop our understanding and relations with the Turkish market, therefore gaining a better understanding of their needs so we can provide them with the best possible products, supply and service.”
Source: Aviagen
Subscribe to:
Posts (Atom)