From the Newsroom*
São Paulo – Sadia has purchased all the shares of Avícola Industrial Buriti Alegre Ltda (Goiaves), a slaughterhouse and poultry processing plant. Initially estimated at 60 million Brazilian reals (US$ 34.5 million), the operation was closed for 53.9 million reals (US$ 31 million). The facility will provide to Sadia additional capacity for the slaughter of 100,000 chickens a day starting in August 2008 and revenues of 100 million reals (US$ 57.5 million) up to the end of the year.
Sadia intends to invest over 70 million reals (US$ 40.2 million) in the unit, according to a press statement disclosed by the company. The unit is in the city of Buriti Alegre, in Goiás (midwestern Brazil), and its capacity should be expanded to 200 birds a day up to the end of 2009. This should generate revenues of 270 million reals (US$ 155 million) at the unit.
According to a Gilberto Tomazoni, president and director at Sadia, the purchase follows the strategy of further growth through investment in the area. "The deal should expand our production of poultry and takes place at a moment in which demand for chicken on the foreign market is on the rise," he said. Last year Sadia slaughtered 752 million birds and sold 880,700 tonnes on the foreign market.
*Translated by Mark Ament
