A new chief executive has been appointed at Campofrio days after a deal was struck that is set to see Mexico's Sigma Alimentos and China's Shuanghui International take joint control of the Spanish meat group.
Spain-based meats group Campofrio is to be jointly controlled by Mexican food manufacturer Sigma Alimentos and China's Shuanghui International.
Sigma, the food arm of Mexican conglomerate Alfa, has launched a bid to acquire Spanish meat processor Campofrio.
Spanish processed meats group Campofrio emphasised it has seen a progressive improvement in returns throughout the year as it booked a decline in nine-month earnings today (11 November).
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