Monday , July 26 2021

They sold the owner of Paty's refrigerator for $ 60 million



The Quickfood refrigerator was sold by the Brazilian holding company BRF for US $ 60 million. Thus, the owner of emblematic brands such as Paty and Viennisima, among others, will be under the umbrella company Marfrigalso from Brazil.

Marfring had sold Quickfood to BRF in 2012. In other words, the company that was born in Argentina in 1960 and created the traditional hamburger brand is now returned to the first regional refrigerator that bought it in 2007.

The transaction is not a total transfer, USD 60 million purchased 92% of Quickfood's share capital. Currently, the company has factories located in San Jorge, Arroyo Seco and Baradero. The unit of San Jorge works 620 heads of cattle per day and processes more than 6,000 tons per month of products: burgers, sausages, cold meats and frozen vegetables under the brands Paty, Vienissima, GoodMark, PatyViena and Green Life.

From Brazil, the signature BRF which plays a central role in the food production market is in a divestment program, with which it currently carries out operations signed for R $ 822 million in the sale of assets. This leaves a long distance to reach the target of R $ 5,000 million (US $ 1,290 million) established in the BRF Operational and Financial Restructuring Plan. Therefore, the holding company does not rule out getting rid of more assets.

"With this transaction, we are taking an important step in reducing BRF's indebtedness, in line with the plan announced in June," the BRF COF said in a statement. Lorival Luz.


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