Poultry exporter Brasil Foods has bought the controlling stake of Argentina food group Danica and has acquired a share in Argentina poultry producer and exporter Avex.
The value of the deal includes a project to expand both Avex's and Danica's production units, as well as their distribution capacity, according to BRF. "This decision represents a unique opportunity...to create a big exporting basis in Argentina," said BRF President Jose Antonio Fay. BRF's acquisitions totaled roughly $150 million.
