Minerva SA Completes Acquisition of Two Australian Plants
Brazilian meat processor Minerva SA has confirmed it has completed the acquisition of two meatpacking units in Australia.
The two plants, which specialise in sheep meat, Shark Lake and Great Eastern Abattoir, are both located in the west coast of Australia, and expected to start slaughter operations in December.
The investments were made through a Joint Venture ("JV") between Minerva Foods and SALIC in which Minerva Foods holds a 65% interest in the JV and SALIC the remaining 35%. When fully operating, the plants’ slaughter capacity may reach 1 million head/year...
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