Brasil Foods Acquires Avex

7 January 2013, at 1:21pm

BRAZIL - Brasil Foods has it acquired the remaining minority interest of Avex S.A. with it it has acquired the remaining interest in the companies Flora Dánica S.A., Flora San Luis S.A. and GB Dan S.A. (“Grupo Dánica”), all headquartered in Argentina.

The deal, which will cost Brasil Foods $40.5 million, will be completed in 90 days.

This transaction will allow BRF to integrate its business in Argentina, including the operations of Quickfoods (acquired in July), as well as to gain synergies for integrated business.