BRF completes purchase of Argentine group marks 7 Molinos

The BRF announced on Friday, 16, that it has completed the acquisition of seven brands of sausage, hamburger and margarine of Molinos Rio de La Plata, through its subsidiaries in the country, Quickfood and Avex.
The acquired brands-Vieníssima, GoodMark, Manty, Delight, Hamond, Tres Cruces and Wilson-, strong influence in local everyday life and are highly recognized by the Argentines, in accordance with the BRF.
The company informed the market about the operation earlier this month. At the time, the value announced was $ 43,5 million subject to adjustments, because it will be paid in Argentinian pesos, calculated according to the rate of Exchange published a day before the completion of the transaction. In the new statement, the BRF claims are met and fulfilled the conditions precedent set out in the documents signed and the transaction was completed on Friday.
In an interview with news service Broadcast in real time the State Agency, earlier this month, the Executive Director of the BRF for Latin America, Alexandre Borges, said that the acquisition of the brand Vieníssima, Molinos, group consolidates the position of leader of the BRF in the sausage in Argentina.
"In other threads, burgers and margarine, we were leaders, well ahead of the other participants. These brands will contribute to consolidating, but don't change the dynamics, "he explained, on occasion.