Minerva Foods, a exporter of fresh beef and provides beef, sheep, and derivative products, agreed to acquire cattle and lamb slaughtering and deboning plants from Marfrig, a food processing company that offers a wide range of gluten-free foods at the base of meat, oats, and oysters, for $1.5bn. "We are very excited about this move, which is in line with our geographical diversification strategy, and which uniquely complements our operation in South America, which is one of the most competitive markets in the world. This will take our company to another level, give us access to new international clients, maximize commercial opportunities and operational synergies, reduce risks, and expand our ability to compete in the international animal protein market," Fernando Queiroz, Minerva Foods CEO.