Cargill, the US food behemoth, has acquired Central American meat firm Corporacion Pipasa.
The deal, struck for an undisclosed sum, will see Pipasa, a “leading poultry and meat processor” in Costa Rica and Nicaragua, become part of Cargill’s operations in Cental America, the US company said yesterday (2 June).
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Pipasa, which produces beef, pork, chicken and turkey products, has five processing plants, four feed facilities and 12 distribution centres.
Cargill processes poultry in Honduras and Nicaragua. It also has processed meats operations in Costa Rica and Guatemala, as well as Honduras.
The “combination” with Pipasa will be an “important addition” to Cargill’s retail-branded business in Central America, the company said. Cargill makes poultry products and luncheon meats for retailers in the region. It also distributes processed cheeses and French fries.
“Cargill has been involved in the poultry business in Central America for more than 45 years,” Bruce Burdett, the leader of Cargill’s operations in Central America, added. “The combination of Cargill and Pipasa will create a business that will help meet the increased demand for high-quality food in Central America.”
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