Camil purchase SLC food by R $308 million

The Camil food company announced on Friday, 26, the acquisition of 100% of the company Rio Grande do Sul agricultural SLC. The value of the deal is R $308 million, which includes debts of R $128 million recorded at the end of last year. The acquisition of SLC Food "consists of an important step in the consolidation of the Brazilian market of grain, representing a growth opportunity in the South, Southeast and northeast regions of Brazil," Camil said in a statement to the market. The SLC Food acts on industrialization and commercialization of rice, beans and lentils in the domestic market and exports to more than 20 countries. Owner of brands such as Boyfriend, leader in Rio Grande do Sul, Butuí, big dog and American, the acquisition is considered strategic for the Camil, who will advance in major consumer markets in the country. Regional relevance one of the largest food companies in South America, with revenues of $4.6 billion, Camil R Food was originally founded in 1963 as a cooperative of rice producers. Currently, the company has operations in Brazil, Chile, Peru and Uruguay and exporting to more than 50 countries. In recent years, the brazilian company began making acquisitions to diversify its business. Bought the sugar Union, in 2012, which at the time belonged to the C0san. A year before, had acquired the coconut tree, producer of fish, before controlled by PepsiCo.