Frisa Frigorifico

Minerva, one of the principle meat manufacturers in South America, has announced the acquisition of Frisa Frigorifico, a leading Brazilian beef products company. Frisa Frigorifico operates abattoirs in Colatina (ES), Nanuque (MG) and Teixeira de Freitas (BA), as well as a distribution centre in Niteroi (RJ). The purchase represents an investment in the order of R$205 million ($59 million) for Minerva, which is looking to consolidate its position in South …