View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 3, 2017

Japan’s NH Foods buys meat firm Breeders & Packers Uruguay

Japan’s NH Foods is to buy Uruguayan major meat processing company Breeders & Packers Uruguay (BPU) to increase its meat supply capacity in emerging markets and to tap the major mature beef consumption markets in North America and Europe.

Japan’s NH Foods is to buy Uruguayan major meat processing company Breeders & Packers Uruguay (BPU) to increase its meat supply capacity in emerging markets and to tap the major mature beef consumption markets in North America and Europe.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The US$135m acquisition from the UK-based Hoxton Holdings was announced on Friday (28 April). BPU is expected to be established as a consolidated subsidiary of NH Foods by March 2018, the end of Japan’s 2017 fiscal year.

The deal is part of NH Foods’ policy to expand its overseas business. In a statement, NH Foods said it “sees potential” in using its experience in developing a major meat production operation in Australia “to expand in South America, thereby raising its company value”.

NH Foods added: “BPU has the highest track record in meat processing of any independent company in Uruguay, processing products using state-of-the-art facilities for export to China, Europe, the United States.”

The country’s high level of traceability and transparency in its animal husbandry also helped persuade NH to make the acquisition, it said.

BPU supplies products including beef flank, rump, shank and loin cuts, as well as knuckle, brisket and neck meat. 

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food