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Brazilian food conglomerate BRF has announced the sale of its assets in Campo Austral, a manufacturer of refrigerated and frozen meat products, and with it its exit from the Argentinian meat sector.
According to Clarin, the $145.5 million sale was executed in parts, as the Campo Austral plant in Florencio Varela and its associated assets and liabilities, including the Bocatti and Calchaqui brands, will be taken over by the Argentine firm Bogs, a company active in the agricultural sector.
BRF will also transfer 100% of its shares in Campo Austral, and the remaining business, including the San Andres de Giles and Pilar plants, as well as the Campo Austral brand itself, to meat firm La Piemontesa.
Currently Campo Austral has a processing capacity of 2,300 tonnes of meat per month and its portfolio includes well-known brands such as Paty, Bocatti and Calchaqui.
Source: Clarin
