The American food company Cargill Inc. has entered into an agreement to acquire all assets of the Brazilian producer of feed and premixes Mig-Plus Agroindustrial Ltda. This is reported in a press release from Cargill.
Financial terms were not disclosed. The completion of the transaction is subject to the approval of the Brazilian regulator CADE and the fulfillment of the usual closing conditions.
As part of the deal, Cargill will gain access to two Mig-Plus plants in Casca, Rio Grande do Sul, and the company's product line, as well as strengthen its influence in Brazil, which is the world's largest producer and exporter of soybeans.
The deal is in line with Cargill's strategy to expand its presence in the Brazilian market. In particular, in 2024, Cargill bought the Anhambi plant in Patos de Minas, in 2020 - the producer of cattle feed Integral Animal Nutrition, and in June - the soybean oil processing plant.
Mig-Plus is a manufacturer of feed for pigs and ruminants (premixes, feed concentrates and complete feeds from cereals and oilseeds). The headquarters is located in Casque (Rio Grande do Sul State) with two production facilities.
Cargill is an American food company in the field of trade, production and sale of industrial, agricultural, financial and food products. The headquarters is located in Minnetonka, Minnesota.
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