Aurora Foods buys slaughterhouse of Cocari for $ 250 million

The Cocari, agricultural cooperative based in Mandaguari, Paraná, closed the sale of its slaughter of birds for the Cooperative Aurora Foods Central Santa Catarina for about r $ 250 million, as it was found the value. At the end of March, the two cooperatives announced an agreement, through which the Cocari was now a member of the Board of associates of Aurora, and this assumed the operation of the refrigerator. But the agreement also involved the purchase of industrial unit, according to sources privy to the theme.
Officially, the Aurora will initiate work on the slaughterhouse next Wednesday, April 22. The brand Vitaves, which belonged to the Cocari, will continue to be produced in the unit, along with other products of Aurora. Currently, the plant 140 slaughter thousand heads of chicken per day, but has an installed capacity of 180 thousand. By the terms in the negotiation, Aurora assumed also the feed mill of Cocari, which processes 60 tons per hour of input. Employees of those plants should be maintained by Aurora.
A source consulted by the value stated that there was a confidentiality agreement, in which the two cooperatives have committed to not treat the case publicly as purchase. This source said that the deal was not motivated by a possible financial difficulty of Cocari, which remains a "solid" cooperative, but cooperative catarinense 900 thousand slaughter birds and 17 Grand a vocation. Of the 6.7 million associated with just 200 produce birds so the option of Cocari in a little more refocus attention on the remaining segments in which it operates, particularly coffee and grains. The cooperative also has a wiring.
Still, the Cocari will keep under its administration the integrated poultry production system and the relationship with integrated producers. Last year, the cooperative has recorded a gross operating revenue of $ 1.2 billion. The Cocari became the 13th cooperative affiliated with the Aurora, which grossed $ 6.7 billion in 2014. The pigs a day, and industrializes 1.5 million liters of milk daily.