Dec
2
Calata acquires major meat supplier
Filed Under EN
MANILA, Philippines – Calata Corp. on Monday said it has acquired a major meat supplier, which had supplied products to SM and Puregold supermarkets.
In a disclosure to the stock exchange, Calata said it had acquired a controlling interest in the meat business of the Galicia Group, including its facilities.
Calata president and CEO Joseph H. Calata entered into
an agreement with the Galicia group for the acquisition.
The Galicia group had exclusively provided pork, beef and chicken meat to SM Supermarket, under the SM Bonus brand for more than 10 years. Now, it is a major supplier for Puregold supermarkets.
“This acquisition, along with the company’s existing animal farming and animal feeds business, is a major component of the company’s completion of its “farm-to-plate” business model with its existing, solidifying its position as an integrated and leading agribusiness player in the Philippines,” Calata said.
No other details were available.
Comments
Leave a Reply
You must be logged in to post a comment.