Minerva Foods completed the acquisition of plants in South America from Marfrig for $1.5bn.

Minerva Foods, a exporter of fresh beef and provides beef, sheep, and derivative products, completed the acquisition of 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. "For more than 30 years, we have built a strong track record in the animal protein market, creating connections between people, food, and nature. We are pleased to take another major step in our global positioning, and even more excited to strengthen our team with the new members who will join as a result of the integration of the new plants," Fernando Queiroz, Minerva Foods CEO.