USA – The global agribusiness company, Cargill has acquired Colombia’s leading chicken and protein products producer Campollo for an undisclosed amount to expand its global poultry business.
Campollo which has a strong footprint in Colombia through its products and 20-year presence, will expand Cargill’s business in Latin America that is in Colombia, Costa Rica, Guatemala, Honduras and Nicaragua.
As part of the agreement, Jorge Ivan Duque, general manager of Cargill’s Pollos Bucanero, will continue leading Cargill’s expanded poultry business in Colombia.
“As a Colombian, I´m proud we are strengthening the way we serve our customers and helping even more communities prosper.
Campollo reaches millions of customers across the country.
The acquisition complements and enhances our product portfolio and expands our current reach to more of the Colombian market.
I´m confident this will be a smooth integration that will benefit our employees, customers, consumers and communities,” said Duque.
Cargill acquired Pollos El Bucanero, another of Colombia’s leading producers of chicken and processed meat products with a goal to better serve its Latin American customers.
This was the company’s first introduction of its global protein business into Colombia.
More than 2,500 Campollo employees will join Cargill’s team, which then totals to more than 7,500 in Colombia.
“We are committed to this region and I´m thrilled to expand our operations in Colombia,” said Xavier Vargas, president of Cargill Protein Latin America.
“Our markets and communities will benefit as we bring our teams together.
Cargill will bring its experience working in protein across four continents for more than 50 years to deliver customers and consumers consistent, high-quality products tailored to local flavors.”
The announcement comes after Cargill said it has aligned US$235 million in investments in the Philippines to grow its business in the country in the next two years and another US$70 million in Thailand in the next two years.