Calata buys majority stake in large meat supplier

Filed Under EN

By Ronnel W. Domingo
Philippine Daily Inquirer

Calata Corp. said it has acquired a controlling interest in the meat business of Galicia group, which supplies pork, beef and chicken to retailers SM and Puregold.

The company said in a statement that the acquisition was a major component in completing its “farm-to-plate” business model.

Calata said the deal covered Galicia’s existing facilities related to the animal farming and animal feeds business.

For more than 10 years, Galicia has been the exclusive provider of meat products to the SM Bonus brand. It is also a major supplier of the Puregold Supermarkets as well as of other large retail outlets in the country.

This is Calata’s first major move since its board last October approved an initiative that would buy back shares worth up to P100 million and which would run for 36 months.